Walgreens NNN Property Sold by Casablanca in Crosby, Texas

We are pleased to announce that we have Just Sold a Walgreens Absolute NNN Property located at 14402 FM 2100 in Crosby, Texas at a Selling Price of $5,100.000. Alex Casablanca, Managing Broker at Casablanca Triple Net Lease Advisors represented the 1031 Exchange Buyer in the transaction. See below a couple transaction and location highlights.

Transaction Highlights

  • Sold Price: $5,1000,000
  • Cap Rate: 5.50%
  • Years on Lease: 15 Years
  • Lease Type: Absolute NNN
  • Extensions: Twelve 5-Year Options
  • Rental Increases: 5% every 5 years
  • Guaranty: Walgreens Corporation
  • Location: Crosby, Texas
  • Funding: All Cash, 1031 Exchange Buyer
  • Closing Date: September 25, 2023

Location Highlights

  • Iconic Retail Corner in the middle of a massive retail development 
  • Irreplaceable Hard Signalized Corner
  • 20 Minutes from Houston, Texas
  • Across the Street from a Walmart Supercenter
  • Successful Operation of over 15 years at the location
  • 1.91 Acre Premium Retail Pad
  • In the Epicenter of a Dense Retail Corridor
  • Located in Texas, a Tax Free State.

The Top Reasons Casablanca is Your Best NNN Buyer’s Broker

  • We Pay for our Buyer’s Closing Costs up to $10,000
  • We Represent our Buyer’s for Free. Expert Advise at No Cost
  • We Sell Your Property at a Flat Listing Fee of 2%
  • Knowledge, Experience and Track Record
  • Exclusive Representation and No Additional Cost to You
  • Diligent Service, Hard Work & Availability to Our Clients
  • Patience to Work with Our Clients at their own pace.
  • We Give our Clients back in exchange of their trust.

At Casablanca, we specialize in representing NNN Buyers, Sellers, Landlords, and 1031 Exchange Investors Nationwide USA. We have the knowledge and expertise to guide you along the way from market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.

We have the most competitive listing fees on the market for both Sellers and Landlords. Moreover, we represent our Buyer’s for Free since we get paid from the Seller, and we also Pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust. 

If you have any questions feel free to contact me directly at 407-205-7570 or you can also email me at [email protected]. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to speaking with you.