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Walgreens 14021 Stuebner Airline Rd 14,950 SF Retail Building Houston, TX 77069 $7,547,000 ($504.82/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 9 Years Remaining | Corporate Signed | Scheduled Rental Increases
- North Oaks Center (430,000 SF) | Willowbrook Mall (1,544,000 SF) | Champions Village Center (379,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• Over 9 years remaining with 12 (5-year) option periods to extend
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,950 SF
Year Built
2014
Price
$7,547,000
Price Per SF
$504.82
Cap Rate
8%
NOI
$603,750
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
1.54 AC
Zoning
F1
Parking
64 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
199’ on Stuebner Airline Road
AMENITIES
- Pylon Sign
- Drive Thru
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1359380010001 | Improvements Assessment | $2,167,661 |
| Land Assessment | $1,340,340 | Total Assessment | $3,508,001 |
PROPERTY TAXES
Parcel Number
1359380010001
Land Assessment
$1,340,340
Improvements Assessment
$2,167,661
Total Assessment
$3,508,001
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Walgreens | 14021 Stuebner Airline Rd
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