Walgreens

Rental Escalations – Rare 5% rent increases every five years, providing steady income growth and serving as an effective hedge against inflation.
Long-Term Lease Extension – In 2019, Walgreens executed a rare 15-year lease extension with 5% rent escalations every five years—a structure implemented at only a select number of locations nationwide—demonstrating exceptional commitment to and confidence in this site.
Exclusive Pharmacy Presence – As the only national pharmacy within an 8-mile radius, this Walgreens serves approximately 26,405 residents within a 5-mile trade area, facing competition from only one small local operator.
High-Visibility Site – Located just 0.2 miles off I-10, this site benefits from exposure to over ±47,000 vehicles daily, exceptional frontage, strong traffic counts, and consistent drive-by visibility.
El Paso MSA – Situated in the El Paso Metropolitan Statistical Area—the largest economic hub in West Texas and the state’s 6th largest city with over 880,000 residents—this location benefits from a diverse employment base and strong retail demand. Anthony, a growing suburb north of El Paso, serves as a strategic gateway between West Texas and New Mexico.
Income Tax-Free State – Texas offers one of the nation’s most favorable tax climates, as one of only nine states with no state income tax.
Growing Retail Corridor – The property is surrounded by national retailers including Whataburger, Pilot Travel Center, 7-Eleven, Goodyear, Sonic, Burger King, Taco Bell, KFC, and Anytime Fitness, creating strong traffic generation and steady cross-shopping activity.

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Patrick Graham