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Drug Store

Walgreens | Houston

500 Maxey Rd, Houston, TX 77013

Listing Price: $3,711,000

Cap Rate
9.50%
Tenant Name
Walgreens
Years Remaining On Lease
1.9
Gross SF
13,682
Guarantor
Corporate Guarantee
Rentable SF
13,682
Price/Gross SF
$271.23
Lease Type
Absolute Net
Rent Per Square Feet
$24.41

Investment Overview

The Asset is part of a 3-Pack portfolio with two additional Walgreens located in Minnesota and New York. The Assets are required to sell together as a portfolio.

Investment Highlights

  • Ranked #41 in the Houston market out of 175 locations per Placer.ai
  • Located on the hard corner of Maxey Rd and Woodforest Blvd. the asset enjoys 28,500 VPD
  • 89,100 residents within a 3-mile radius

Exclusively Listed By

  • John Spina

    Director Investments

    (602) 687-6661

    Email John

    License(s): AZ: SA689673000

    Phoenix

  • Tivon Moffitt

    Senior Managing Director Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Peter Bauman

    Senior Managing Director Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Drug Store

Walgreens | Houston

Listing Price: $3,711,000

Cap Rate
9.50%
Tenant Name
Walgreens
Years Remaining On Lease
1.9
Gross SF
13,682
Guarantor
Corporate Guarantee
Rentable SF
13,682
Price/Gross SF
$271.23
Lease Type
Absolute Net
Rent Per Square Feet
$24.41

Investment Highlights

  • Ranked #41 in the Houston market out of 175 locations per Placer.ai
  • Located on the hard corner of Maxey Rd and Woodforest Blvd. the asset enjoys 28,500 VPD
  • 89,100 residents within a 3-mile radius

Investment Overview

The Asset is part of a 3-Pack portfolio with two additional Walgreens located in Minnesota and New York. The Assets are required to sell together as a portfolio.

Exclusively Listed By

  • John Spina

    Director Investments

    (602) 687-6661

    Email John

    License(s): AZ: SA689673000

    Phoenix

  • Tivon Moffitt

    Senior Managing Director Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Peter Bauman

    Senior Managing Director Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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