Historical Industrial Sale Listing - Walgreens Distribution Center

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Walgreens Distribution Center

1805 Greens Rd., Houston, TX 77032

N/A

500,290 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
500,290 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
6.50%
Occupancy:
100%
Tenancy:
Single
Year Built:
2008
Clear Ceiling Height:
32 ft.
Lot Size:
24.45 AC
Listing ID
15577994
Last Updated
over 1 year ago

Utilities

  • Trailer Parking
  • Electricity/Power
  • Sprinklers

Highlights

  • 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

Description

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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Created 2/22/2008