Walgreens

Walgreens

Houston, TX

Houston, TX

Walgreens

Offered for sale is the opportunity to acquire an absolute net lease Walgreens in Houston, Texas. The property consists of a 14,800-square-foot, freestanding building that sits on 1.39 acres of land. There are 5.1 years remaining on the current lease term and ten, 5-year options remaining.

Price $3,308,000
Cap Rate 6.5%
Building Size 13,698 sqft
Lot Size 1.39 acres
Year Built 2004
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 5.1 Years Remaining
  • Signalized Hard Corner Location on Aldine Westfield Road and Aldine Mail Route Road; Combined Traffic Counts Exceed 27,110 Vehicles per Day
  • More than 267,436 Residents Within a Five-Mile Radius
  • Large 1.39 Acre Parcel with Ample Parking and Multiple Access Points
  • Tenant Paid for the VillageMD Renovation at Their Own Expense
  • One Mile to Hardy Toll Road (60,500 VPD)
  • Numerous Schools Within a One-Mile Radius, Including Lone Star College-East Aldine Center, Grantham Academy, MacArthur Senior High School, and Stephens Elementary School
  • 20-Year Operating History

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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