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WEST COLUMBIA AND KYLE, TEXAS — Alvin Mansour and Chris Gomes of Marcus & Millichap, along with Tim Speck, have brokered the $3.86 million sale of a Walgreens between two undisclosed parties. The 13,650-square-foot property, located at 110 E. Brazos Ave. in West Columbia, is net-leased to Walgreens for the next 73 years. The Walgreens is situated near an H-E-B Grocery, a Walmart and a Wells Fargo.
Mansour, Gomes and Speck also brokered the sale of a 4,000-square-foot corporate Jack in the Box for $1.2 million. The property is located at the interchange of FM 1626 and IH 35 in Kyle. The tenant's 20-year, NNN-lease carries 10 percent rent increases every 5 years.