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
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.