Pharma Property Group Lists a Walgreens for Sale in Austin, Texas for $7,400,000
“This Walgreens for sale is a unique opportunity for an investor to acquire a long-term leased Walgreens asset in one of the fastest growing areas in the country. There are 14 years of lease term remaining before the 50 years in lease options and the store is absolute net with zero landlord responsibility,” explained Jason Stuart Pongsrikul, Managing Broker of Pharma Property Group.
“This Walgreens location has huge sales volumes due to the fact that there is no other freestanding national drugstore competition in a 12 miles radius and the local retail block has complimentary anchors such as Home Depot which add traffic to the corner without taking away prescription business from the store,” stated Mr. Pongsrikul.
Based in San Diego, California, Pharma Property Group (www.pharmapropertygroup.com) was founded in 2012 by Jason Stuart Pongsrikul who has closed over $1 Billion in net leased commercial properties throughout the country during the last decade.
Pharma Property Group (PPG) specializes in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid. Pharma Property Group is one of the top brokerage firms in the country in drugstore property closing volume and has an unparalleled drugstore marketing platform providing access to the largest pool of drugstore landlords in the nation.
Pharma Property Group
5322 Banks Street
San Diego, CA 92110
Office: (619) 297-0055