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

More News From The Journalist Report

Taliban council agrees to cease-fire in Afghanistan

Jan 26, 2020

KABUL, Afghanistan — The Taliban said Sunday they have agreed to a temporary cease-fire nationwide. It provides a window during which a peace agreement with the United States could be signed. A peace deal would allow Washington to bring home its troops from Afghanistan and end its 18-year military engagement there, America's longest. The U.S. wants any deal to include a promise from the Taliban that Afghanistan would not used as a base by terrorist groups. The U.S. currently has an estimated 12,000 troops in Afghanistan. The Taliban chief must approve the agreement but that is expected. The duration of...

Mexico farm town prepares funerals after 9 Americans slain

Jan 26, 2020

LA MORA, Mexico — Under a strong security presence, this remote farming community prepared to hold the first funerals Thursday for some of the nine American women and children killed by drug cartel gunmen. Dozens of high-riding pickups and SUVS, many with U.S. license plates from as far away as North Dakota, bumped across dirt and rock roads over desert, arid grasslands and pine-covered mountains Wednesday as night fell on this community of about 300 people. Many of the residents are dual U.S. and Mexican citizens who consider themselves Mormon but are not affiliated with The Church of Jesus Christ...

Demonstrators demand halt to killings of women in Mexico

Jan 26, 2020

MEXICO CITY — Relatives of women and girls murdered or missing in Mexico marched through the capital Sunday carrying over 100 purple crosses inscribed with the names of victims, demanding justice for their loved ones and improved efforts to investigate their cases. Bearing T-shirts and signs with photos of the victims, they walked behind banners and chanted the victims' names as they headed for the sprawling main square, the Zocalo, to set up an offering near a massive altar erected to mark Dia de Muertos, or Day of the Dead. "Not one more killed!" they cried. "Our daughters, where are...

The Latest: Iraqi officials: 2 protesters killed in Baghdad

Jan 26, 2020

BAGHDAD — The Latest on anti-government protests in Iraq (all times local): 3 p.m. Iraqi officials say two protesters have been killed and at least 105 have been wounded in clashes with security forces in central Baghdad's Tahrir Square. At least 72 protesters have been killed since nationwide anti-government protests resumed on Friday, after an earlier wave of demonstrations this month saw 149 killed. The protesters are demanding the resignation of the government, which they blame for corruption, economic stagnation and poor services. Iraqi security and medical officials confirmed the latest casualties on Monday, speaking on condition of anonymity because...

Ukrainian leader felt Trump pressure before taking office

Jan 26, 2020

KYIV, Ukraine — More than two months before the phone call that launched the impeachment inquiry into President Donald Trump, Ukraine's newly elected leader was already worried about pressure from the U.S. president to investigate his Democratic rival Joe Biden. Volodymyr Zelenskiy gathered a small group of advisers on May 7 in Kyiv for a meeting that was supposed to be about his nation's energy needs. Instead, the group spent most of the three-hour discussion talking about how to navigate the insistence from Trump and his personal lawyer Rudy Giuliani for a probe and how to avoid becoming entangled in...

About Us

The Journalist Report publishes timely news updates around the clock. We have a group of journalists around the globe to deliver the latest news around so that we can get our users connected.

Contact us: sales[at]

Subscribe Now!