October 13, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Eagle Pass, Texas. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $5,258,065.
Walgreens is located at 2341 East Main Street in Eagle Pass, Texas. Walgreens has occupied this Property since it was constructed in 2014 and they have 12+ years remaining on an absolute triple-net lease with eleven (11), 5-year renewal options. The Property is situated on a highly visible parcel adjacent to the signalized intersection of East Main Street (US Route 57) and N Bibb Avenue. East Main Street (US Route 57) is one of the area’s primary commercial and commuter corridors and sees more than 35,900 vehicles per day. The Property enjoys outstanding visibility and frontage and benefits from four points of access. The Property is ideally situated along East Main Street positioned 0.1-miles from a H-E-B (the area’s primary supermarket) and 0.5-miles from a Lowe’s and Walmart Supercenter. The Property is 0.4-miles from US Route 277 the area’s primary north-south highway and 1.4-miles from the Rio Grande River and Mexican Border.
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.