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Walgreens 4849 N Hwy 146 14,820 SF Retail Building Baytown, TX 77520 $2,974,771 ($200.73/SF) 10% Cap Rate
Investment Highlights
- Houston, TX MSA – Located in Baytown, TX—a key industrial and residential suburb within the Houston MSA
- 21% Below Market Cost – At list price, this Walgreens is offered at $200.73/SF
- High-Visibility Location – Strategically situated at a signalized intersection with exposure to over 46,000 vehicles per day
- High-Growth Trade Area – Population and household growth within the 3-miletrade area is projected to increase
- Affluent Community – This Walgreens serves the Baytown market, east of Houston
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2006
Price
$2,974,771
Price Per SF
$200.73
Cap Rate
10%
NOI
$297,477
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.81 AC
Zoning
None
Parking
74 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 1271800000002 | Improvements Assessment | $1,828,226 |
| Land Assessment | $341,115 | Total Assessment | $2,169,341 |
Property Taxes
Parcel Number
1271800000002
Land Assessment
$341,115
Improvements Assessment
$1,828,226
Total Assessment
$2,169,341
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Walgreens | 4849 N Hwy 146
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