6467 Woodlands Pky
The Woodlands, TX 77381
Walgreens · Retail Property For Sale

This is a rare opportunity to acquire a 100% leased Walgreens in the heart of The Woodlands, Texas – one of the most desirable and fastest-growing master-planned communities in the Houston MSA. The property generates immediate, stable income through its active Walgreens lease (expiration December 2030) from a nationally recognized credit tenant. Investors benefit from current cash flow while owning a strategically located 2.36-acre signalized corner on Woodlands Parkway with outstanding visibility, dual drive-thru capability, and pylon signage.
Surrounded by dense high-income residential communities and a thriving retail ecosystem featuring numerous national retailers and restaurants, the site enjoys strong daily traffic counts and exceptional access. Should Walgreens choose not to renew at lease end, this represents one of the premier commercial redevelopment sites in The Woodlands – a high-barrier corner lot poised for continued retail, medical, or mixed-use success in a market with proven demand and limited comparable inventory.
Priced at $8,800,000 ($593.79/SF), this core investment offers both downside protection via the existing lease and meaningful upside potential in one of the strongest retail submarkets in the region.
Significant value-add / redevelopment upside – If Walgreens elects not to exercise its renewal option in December 2030, the property sits on 2.36 acres of one of the best commercial corners in The Woodlands – ideal for continued retail, medical, QSR, or mixed-use development in a high-barrier-to-entry location.
Investor-friendly attributes – Built 2006, 40 surface parking spaces (2.70/1,000 SF), corner lot with signalized access, and easy ingress/egress from a major thoroughfare.
All information should be independently verified by the prospective buyer. Contact Luis Tamborrel for additional details, lease abstract, or to schedule a tour.