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Drug Store

Walgreens (Absolute Net)

12959 Aldine Westfield Rd, Houston, TX 77039

Listing Price: $3,308,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.0
Gross SF
14,800
Guarantor
Corporate Guarantee
Rentable SF
14,800
Price/Gross SF
$223.51
Lease Type
Absolute Net
Rent Per Square Feet
$14.53

Investment Overview

Offered for sale is the opportunity to acquire a double 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.

Investment Highlights

  • 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

Exclusively Listed By

Financing By

Drug Store

Walgreens (Absolute Net)

Listing Price: $3,308,000

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.0
Gross SF
14,800
Guarantor
Corporate Guarantee
Rentable SF
14,800
Price/Gross SF
$223.51
Lease Type
Absolute Net
Rent Per Square Feet
$14.53

Investment Highlights

  • 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

Investment Overview

Offered for sale is the opportunity to acquire a double 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.

Exclusively Listed By

Financing By

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