REO Sale – Walgreens Master Lease NNN Investment | 194K NOI

Investment Highlights

• Absolute NNN Ground Lease Investment – Walgreens master ground lease with zero landlord responsibilities for taxes, insurance, or maintenance.
• Investment-Grade Credit & Sublease – Walgreens Co. serves as the master tenant, with the property currently subleased to Dollar Tree Stores, Inc., a top-performing national discount retailer.
• 100% Leased with In-Place Cash Flow – Leasehold interest generates $16,166.67 in monthly income, equating to $194,000.04 in annual NOI to the leasehold owner.
• Long-Term Lease Structure – Master ground lease extends through December 31, 2070, with Dollar Tree’s sublease in place through April 30, 2035.
• Prime McAllen Retail Corridor Location – Situated along South 10th Street, McAllen’s dominant retail corridor with strong visibility, traffic counts, and ingress/egress.
• Freestanding Retail with Future Flexibility – Walgreens-developed ±14,618 SF building featuring a drive-thru and signalized intersection access, supporting long-term re-tenanting optionality.

Offering Summary 

SVN | Hanna Solutions Commercial Real Estate, in conjunction with RealINSIGHT Marketplace, is pleased to present for sale the leasehold interest at 901 South 10th Street, a freestanding retail asset located in the heart of McAllen’s primary retail corridor. The ±14,618 square foot building was constructed in 2010 by Walgreens under a master ground lease structure and sits on approximately ±0.91 acres.

The investment is structured as an Absolute NNN ground lease, with Walgreens Co. as the master tenant and Dollar Tree Stores, Inc. occupying the property under a sublease. Walgreens pays total base rent of $29,500 per month, of which $16,166.67 per month is paid to the leasehold owner, representing the interest being offered for sale. The leasehold interest generates $194,000.04 in annual NOI with no landlord responsibilities.

The Property is located along South 10th Street, McAllen’s most dominant retail corridor, and is part of the Central Market McAllen shopping center. Nearby national tenants include Ross Dress for Less, DD’s Discounts, Burlington, South Texas Health System Laboratory, and Vantage Bank, contributing to strong foot traffic and retail synergy.

With long-term lease income, investment-grade tenancy, and a prime infill location, 901 South 10th Street represents a stable, passive net lease investment with durable cash flow and future flexibility.