store name - address, city, state zip walgreen’s – 4016 highway 3, dickinson, texas address...

Store Name - Address, City, State Zip

Glen E. Berhow Managing Director

Store Name Address │ City, State

Walgreen’s – 4016 Highway 3, Dickinson, Texas(Houston MSA)

SVN │ Net Lease Texas / The Berhow Team2215 Cedar Springs Road, Suite 1012

Dallas, Texas, 75201 469.828.1950 direct

[email protected] www.svnnetleasetexas.com

www.svn.com

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“Specialist”

&

Store Name - Address, City, State Zip Walgreen’s– 4016 Highway 3, Dickinson, Texas

Investment Overview & Property Highlights

SVN │Net Lease Texas

Property Highlights:

• $10,000,000+ Average Annual Sales

• NNN Lease

• 8+ Years Remaining on the Prime Term

• Signalized Intersection – Hard Corner – (2) Drive -Thru Lanes

• 21,800+ VPD

• 122,000+ - (5) Mile Population

• $107,000+ - (5) Mile Average Household Income

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SVN │ Net Lease Texas is pleased to present a 13,824 SF

Free-Standing Walgreen’s Pharmacy in Dickinson, Texas. Dickinson is

part of the Houston, Texas MSA (5th

largest) in the United States. It is

store #6089, is fully leased to Walgreen’s and is operating under a 75

year term with options to terminate starting in July of 2027, and each 5

years thereafter. It was built in 2000 with (2) drive-thru lanes, and is

situated on 2.2 acres of land. The lease structure is triple net (NNN),

with zero landlord responsibilities. This Walgreen’s is located at the

intersection of Highway 3 and Main Street with daily traffic counts that

exceed 21,000+. This Walgreen’s has consistently averaged

$10,000,000+ in annual sales (top 5% of all Walgreen’s).

This opportunity includes 100% fee-simple interest, and has an

annual net operating income of $350,046. The surrounding (5) mile

demographic radius has a population of 122,000+, and an average

household income of $107,000+. It is in a strong retail location with

neighboring national retailers including Family Dollar, AutoZone, Shell,

O’Reilly Auto Parts, Verizon, Good Year Tire, Sonic and many others.

Store Name - Address, City, State Zip Walgreen’s – 4016 Highway 3, Dickinson, Texas

Pricing & Lease Summary


Price: $5,834,100

Cap Rate: 6%

Net Operating Income: $350,046

Gross Leasable Area: 13,824 SF

Parcel Size: 2.2 Acres

Rent Per Square Foot: $25.32 PSF

Year Built: 2000

Initial Lease Term: 7.30.2002 – 7.31.2027

Option periods: (10) 5 Year Options

Tenant: Walgreen’s Boot Alliance

Roof: Tenant Responsible

Structure: Tenant Responsible

Taxes & Insurance: Tenant Responsible

Common Area & Parking: Tenant Responsible

Walgreen’s– 4016 Highway 3, Dickinson, TexasRetail Trade Area Aerial

Sperry Van Ness | Net Lease Texas


Victory Lakes Intermediate School

Bay Colony Elementary School

Walgreen’s – 4016 Highway 3, Dickinson, TexasSubject Property Photos



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Walgreen’s – 4016 Highway 3, Dickinson, TexasLocation Map


Walgreen’s – 4016 Highway 3, Dickinson, TexasAbout Dickinson, Texas


Dickinson is a city in Galveston County, Texas, within the Houston MSA. Dickinson is

located 28 miles from Houston and only 19 miles from Galveston Island. It was named

after John Dickinson, who in 1824 received a Mexican grant for land just north of the

community’s present site. A settlement called Dickinson existed on Dickinson’s Bayou

shortly before 1850. The Galveston, Houston and Henderson Railroad, one of the earliest

chartered in Texas, was built straight through Dickinson. Dickinson has been an agricultural

service center, a residential community, and the site of a mineral-oil processor. The

Dickinson Railroad Museum testifies to the town’s past as a commercial hub.

Dickinson Highlights:

• Dickinson has grown in population size by over 9% annually.

• Dickinson is served by the College of the Mainland, a community college in nearby city, Texas

City

• Since 2009, Dickinson has hosted a crawfish festival called the Red, White and Bayou Crawfish

Festival

• The city of Dickinson has a total area of 10.3 miles and of that area, almost 4% is water.

• Dickinson contains both the Dickinson Independent School District and the Santa Fe

Independent School District.

• Dickinson was the location of the Battle of San Jacinto during the Texas Revolution and now

contains museum over the Texas victory.


Dickinson


CVS Pharmacy – 5212 Antoine Drive, Houston, TexasU.S. CVS Store Count by State


Walgreen’s – 4016 Highway 3, Dickinson, TexasU.S. Walgreens Store Count by State


CVS Pharmacy – 5212 Antoine Drive, Houston, TexasTenant Overview


Walgreen’s – 4016 Highway 3, Dickinson, TexasTenant Overview

Walgreens is the largest drugstore chain in the U.S., with more than 8,200 stores in

all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The

company had fiscal 2014 sales of more than $76 billion. In 2014, Walgreens filled a

record of 856 million prescriptions, accounting for approximately 21.4% of the U.S.

retail market. Walgreens is ranked #35 on the Fortune 500 for 2015 list, moving up

from #37 in 2014.

Founded in 1901, this Deerfield, Illinois-based drugstore chain currently leads the

drugstore sector in store count. Prescription drugs account for over 60% of store

merchandise, over-the-counter medications, cosmetics, and groceries. Recent technology investments have focused on boosting

pharmacist efficiency and reducing distribution system costs. Healthcare Plus, its pharmacy mail-order subsidiary, offers sales,

marketing and operational support for third-party retail and mail-order prescriptions. The company’s pharmacy benefits manager,

WHP Health Initiatives, targets small to medium-size employers and HMOs. Starting in 2011, the company began rolling out its

“Well Experience” store format now in effect at more than 500 locations, designed to position Walgreens stores as “health and daily

living” centers for pharmaceutical as well as general wellness products and services.

In December 2014, Walgreens completed its strategic combination with Alliance Boots to establish Walgreens Boots Alliance, Inc.,

forging the first global pharmacy-led, health and wellbeing enterprise. The combination brought together two leading companies

with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through

community pharmacy care and pharmaceutical wholesaling. Both companies have more than a century’s worth of experience in

customer and patient care. Walgreens is today part of the Retail Pharmacy USA division of Walgreens Boots Alliance.

Company: Walgreen’s Boot Alliance

Total Revenue: $103.44 Billion

Net Worth: $4.22 Billion

Year Founded: 1901

Headquarters: Deerfield, IL

Website: www.walgreens.com

About Walgreen’s Boot Alliance

Walgreen’s – 4016 Highway 3, Dickinson, Texas1 . 3 . 5 Mile Demographic Summary



Walgreen’s – 4016 Highway 3, Dickinson, TexasInformation About Brokerage Services



store name - address, city, state zip walgreen’s – 4016 highway 3, dickinson, texas address...

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