Investment Overview

AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN Marcus & Millichap is pleased to present the opportunity to acquire the fee-simple interest in a corporate guaranteed Walgreens location in a quickly growing submarket of Houston, Texas. The property is currently leased to and guaranteed by Walgreens Boots Alliance, an “essential-use” and recession-resilient tenant. Walgreens is considered “investment grade” credit and is publicly traded on the New York Stock Exchange (NYSE: WAG) Moodys Baa2 / S&P BBB. This site also features a Village Medical clinic offering a suite of healthcare services, which speaks to the tenant’s investment and commitment to this site. With over 5 years remaining on an absolute NNN basis with zero landlord responsibilities, this investment opportunity provides stable and reliable cash-flow for years to come. 500 Maxey Road is strategically located on a major arterial road with over 38,265 vehicles passing by daily and is just north of Interstate-10 with 154,870 vehicles passing by daily. The surrounding demographics include 193,447 people within a five-mile radius with annual household income of $60,301. The property is located approximately 2.1 miles from Houston Community College with 48,329 students, and 1.5 miles from East Houston Hospital. Nearby tenants include McDonald's, USPS, DD's Discounts, Bank of America, Popeyes, Pizza Hut, KFC, Taco Bell, Family Dollar, Subway, Kroger, and Domino's. This property is also available as a part of high-cashflow 3-unit Walgreens portfolio, featuring an assumable loan at 4.7% interest with 5.7+ years remaining until the maturity date. With a Portfolio Cash-on-Cash Return of 10%, it’s an ideal investment opportunity for 1031-exchange buyers seeking to maximize cashflow.