April 14, 2022 – Kyle Danielson, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a Walgreens in Bastrop, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $9,700,080.
Walgreens is located at 4201 Highway 71 East in Bastrop, Texas. Walgreens has been at this location since its construction in 2012 and has 14+ years remaining on an Absolute NNN Lease, as well as fifty (50), 1-year renewal options. Walgreens is located on a highly-visible parcel along Highway 71 East, the area’s primary commercial and commuter corridor. Highway 71 runs east-west into Austin and is parallel to Interstate 10. Walgreens is located one mile east of St. David’s Emergency Center, which is a full-service emergency room that provides an on-site medical laboratory, imaging services, exam rooms and board-certified physicians and nurses. Bastrop is part of the Austin-Round Rock MSA and is 30-miles southeast of downtown Austin and its approximately 2,200,000 residents.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.