Pharma Property Group Lists a Walgreens for Sale in Austin, Texas for $7,400,000

July 03, 2019 - /PressAdvantage/ - "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 mile radius and it’s located at one of the main retail corners in Dripping Springs at the intersection of Highway 290 and Ranch Road with traffic counts of 30,000 vehicles per day. Additionally, the local retail block has complimentary anchors such as Home Depot and HEB which provides further retail traffic at the corner without taking away prescription business from the store,” said Mr. Pongsrikul.

“This Walgreens being located in Texas already brings a large buyer pool since there are no state income taxes. The fact that it’s in a developing area of greater Austin, one of the most sought out markets in Texas, further increases the buyer pool for the asset and provides stable resale value in the long run. There is a 600 acre, 585 home master planned community in the works just minutes away from this store. This combination of development and an affluent demographic with household incomes over $120,000 annually further shows that this location will provide residual value for years to come,” stated Mr. Pongsrikul.


Based in San Diego, California, Pharma Property Group ( 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 now 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.


For more information about Pharma Property Group, contact the company here:

Pharma Property Group
Jason Pongsrikul
(619) 297-0055
5322 Banks Street San Diego, CA 92110

ReleaseID: 60029298

Latest News

Threat to US elections not limited to Russia in 2020

Jan 22, 2020

WASHINGTON — Russia interfered in the 2016 election and may try to sway next year's vote as well. But it's not the only nation with an eye on U.S. politics. American officials sounding the alarm about foreign efforts to disrupt the 2020 election include multiple countries in that warning. Concerns abound not only about possible hacking of campaigns, but also about the spread of disinformation on social media and potential efforts to breach voting databases and even alter votes. The anxiety goes beyond the possibility that U.S. adversaries could directly affect election results: The mere hint of foreign meddling could...

China says US has 'weaponized' visas to target exchanges

Jan 22, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

About Us

Science Tech Today is all about the present with what’s new in the Science and Technology world. “Keep up with today, and don’t be left behind.”

Subscribe Now!