3317 Montrose Blvd | Houston, TX 77006
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- LoopNet Team
3317 Montrose Blvd
Houston, TX 77006
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Commitment: Brand new 15-year lease with 5% rental escalations throughout the initial term and options
- Landlord Responsibilities: Allows for a true passive investment with no management required
- Demographics: Over 179,000 residents and average household incomes of $154,000 within a 3-mile radius
- Location: Asset situated at the intersection of Montrose Boulevard and Lovett Boulevard with over 32,000 vehicles per day
- Tax Benefits: Investors can depreciate land and building due to fee simple ownership. No state income tax
- Credit: Opportunity to acquire an investment grade (S&P: BBB) trophy asset in a tax-free state
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
17,250 SF
Building Class
B
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.39 AC
Parking
64 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
169’ on Montrose Blvd
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 1179390010001 | Improvements Assessment | $1,758,974 |
| Land Assessment | $11,971,615 | Total Assessment | $13,730,589 |
PROPERTY TAXES
Parcel Number
1179390010001
Land Assessment
$11,971,615
Improvements Assessment
$1,758,974
Total Assessment
$13,730,589
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