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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
Actual Photo
“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
Actual Photo
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
SVN │Net Lease Texas
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
SVN │Net Lease Texas
Victory Lakes Intermediate School
Bay Colony Elementary School
Walgreen’s – 4016 Highway 3, Dickinson, TexasSubject Property Photos
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
Actual Photo Actual Photo
Actual Photo Actual Photo
Walgreen’s – 4016 Highway 3, Dickinson, TexasLocation Map
SVN │Net Lease Texas
Walgreen’s – 4016 Highway 3, Dickinson, TexasAbout Dickinson, Texas
Sperry Van Ness | Net Lease 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.
SVN │Net Lease Texas
Dickinson
Sperry Van Ness | Net Lease Texas
CVS Pharmacy – 5212 Antoine Drive, Houston, TexasU.S. CVS Store Count by State
SVN │Net Lease Texas
Walgreen’s – 4016 Highway 3, Dickinson, TexasU.S. Walgreens Store Count by State
Sperry Van Ness | Net Lease Texas
CVS Pharmacy – 5212 Antoine Drive, Houston, TexasTenant Overview
SVN │Net Lease Texas
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
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
Walgreen’s – 4016 Highway 3, Dickinson, Texas1 . 3 . 5 Mile Demographic Summary
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
Walgreen’s – 4016 Highway 3, Dickinson, TexasInformation About Brokerage Services
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas