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Drug Store

Walgreens

12959 Aldine Westfield Rd, Houston, TX 77039

Listing Price: $2,688,000

Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
4.3
Gross SF
14,800
Guarantor
Corporate Guarantee
Rentable SF
14,800
Price/Gross SF
$181.62
Lease Type
Absolute Net
Rent Per Square Feet
$14.53

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Walgreens in Houston, TX. The property consists of a 2,400-square-foot, freestanding building that sits on approximately 1.39 acres of land. There are 5.1 years remaining on the lease.

Investment Highlights

  • Absolute Net Lease with 5.1 Years Remaining
  • Signalized Hard Corner Location on Aldine Westfield Road and Aldine Mail Route Road (Combined 27,110 VPD)
  • More than 267,436 Residents Within a Five-Mile Radius
  • Large 1.39 Acre Parcel with Ample Parking and Multiple Access Points
  • One Mile to Hardy Toll Road (60,500 VPD)
  • Numerous Schools Within a One- Mile Radius, Including Lone Star CollegeEast Aldine Center, Grantham Academy, MacArthur Senior High School, and Stephens Elementary School

Exclusively Listed By

Listing Price: $2,688,000

Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
4.3
Gross SF
14,800
Guarantor
Corporate Guarantee
Rentable SF
14,800
Price/Gross SF
$181.62
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 27,110 VPD)
  • More than 267,436 Residents Within a Five-Mile Radius
  • Large 1.39 Acre Parcel with Ample Parking and Multiple Access Points
  • One Mile to Hardy Toll Road (60,500 VPD)
  • Numerous Schools Within a One- Mile Radius, Including Lone Star CollegeEast Aldine Center, Grantham Academy, MacArthur Senior High School, and Stephens Elementary School

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Walgreens in Houston, TX. The property consists of a 2,400-square-foot, freestanding building that sits on approximately 1.39 acres of land. There are 5.1 years remaining on the lease.

Exclusively Listed By

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