Marcus & Millichap closed the sale of a 13,573-square-foot Walgreens property in Temple, Texas.
Blake Burnett and Vince Knipp, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller, a private investor.
The property is located at 3614 S. 31st St. in Temple. Built in 1996, the 13,573-square-foot asset sits on 1.77 acres and is operated under a corporate-guaranteed double-net lease. Walgreens recently exercised its second renewal option, extending its occupancy at the property. The site is located along a retail corridor near Walmart Supercenter, Temple Mall and Baylor Scott & White Medical Center.
