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Walgreens Distribution Center
1805 Greens Rd., Houston, TX 77032
500,290 SF | Industrial
Industrial Property - Off Market
- Building Size:
- 500,290 SF
- Property Type:
- Property Sub-type:
- Distribution Warehouse
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Construction Status:
- Under Construction/
- Cap Rate:
- Year Built:
- Clear Ceiling Height:
- 32 ft.
- Lot Size:
- 24.45 AC
- Listing ID
- Last Updated
- over 1 year ago
- Trailer Parking
- BIDS DUE BY FRIDAY, FEBRUARY 29TH
- Single Tenant, Absolute Net Lease, A+ Credit
- 10 Year Lease with two 5-year renewal options
- Annual Rent: $3.11/SF / NOI: $1,558,000
- Class A, State-of-the-Art Facility
- Prime location near George Bush International Airport
ACT QUICKLY! Bids are due Friday, February 29th. If interested, please sign and submit Confidentiality Agreement attached to this listing.
The Staubach Company has been retained as the exclusive listing agent for the sale of a Walgreens build-to-suit, state-of-the-art distribution facility in Houston, TX. The estimated date of completion is late summer 2008. This asset represents an investment opportunity in a brand new, Class A distribution building leased by an outstanding investment grade credit company. With a credit rating of A+, Walgreen Co. is a superior tenant. The 10-year lease is absolute net and includes renewal options. This investment is extremely attractive to buyers who require superb credit with a dependable income stream.
The 500,290 square foot facility is currently under construction adjacent to the Central Green Business Park a high growth light industrial area near George Bush Intercontinental Airport.
Map of 1805 Greens Rd., Houston, TX 77032 (Harris County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO