1805 Greens Rd.
Houston, TX 77032 ·
500,290 SF · Industrial For Sale
Walgreens Distribution Center
|Building Size||500,290 SF||Tenancy||Single|
|Property Type||Industrial||Year Built||2008|
|Property Sub-type||Distribution Warehouse||Clear Ceiling Height||32 ft.|
|Property Use Type||Net Lease Investment with 10+ years left on lease||Lot Size||24.45 AC|
|Construction Status||Under Construction/Proposed||Features||
|Listing ID: 15577994||Date Created: 02/22/2008||Last Updated: 04/25/2008|
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.
- 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
- Trailer Parking
9500 West Sam Houston Parkway
Houston, TX 77099
For Sale · $26,900,000
398,173 SF Building
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