18535 Champion Forest Dr | Spring, TX 77379
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18535 Champion Forest Dr
Spring, TX 77379
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased by Walgreens (NASDAQ: WBA) and featuring a long-term 33-year lease with 11 years remaining and seven 5-year option periods
- Located within an affluent trade area, and surrounded by numerous golf course communities with avg HH incomes exceeding $120,000 in one mile
- Adjacent to the Kroger anchored Stables Town Center with over two million annual visitors, providing ample cross traffic opportunities
- Walgreens operates over 12,500 locations and has investment grade credit with an S&P rating of BBB-
- Easily accessible from both Spring Cypress Road, a dominant east-west thoroughfare and Champion Forest Drive, with exposure to a combined 47,000 cpd
- Expanding and well-educated population with over 267,000 people within a five-mile radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.69 AC
Zoning
N/Ap
Parking
73 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
212’ on Spring-cypress Rd
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 1223330010002 | Improvements Assessment | $1,582,654 |
| Land Assessment | $1,104,045 | Total Assessment | $2,686,699 |
PROPERTY TAXES
Parcel Number
1223330010002
Land Assessment
$1,104,045
Improvements Assessment
$1,582,654
Total Assessment
$2,686,699
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