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Walgreens | 7+yrs Remain Corp NN 7929 Kirby Dr 14,820 SF Retail Building Houston, TX 77054 $6,729,000 ($454.05/SF) 7% Cap Rate

Drug Stores Texas Houston 7929 Kirby Dr, Houston, TX 77054

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Investment Highlights

  • 7+ Years Remaining | Options To Extend
  • Adjacent to NRG Stadium (70,000+ Seats) | Strong National/Credit Tenant Presence | Retail Corridor
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct, Affluent Consumer Base | 400K+ Population In Area |Strong Demographics In 5-Mile Trade Area

Executive Summary

- 7+ years remaining on its lease with 50 (1-Year) options to extend, demonstrating their commitment to the site
- Flat rent throughout the initial term and option periods

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2007
Price
$6,729,000
Price Per SF
$454.05
Cap Rate
7%
NOI
$471,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.29 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
64 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
124’ on Kirby

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage
  • Signalized Intersection

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Walgreens
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Walgreens Retailer 99,999 SF - Lorem Ipsum Jan 0000

Links

1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of America
Frost Bank
Regions Bank
Chase Bank
Olive Garden
Golden Krust Caribbean Restaurants
Pappas Bar-B-Q
Five Guys
Pei Wei Asian Diner
Fiesta Mart

Property Taxes

Parcel Number 1282750010001 Improvements Assessment $1,776,662
Land Assessment $3,384,900 Total Assessment $5,161,562

Property Taxes

Parcel Number
1282750010001
Land Assessment
$3,384,900
Improvements Assessment
$1,776,662
Total Assessment
$5,161,562
(480) 221-4221

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 35266518

  • Date on Market: 3/26/2025

  • Last Updated:

  • Address: 7929 Kirby Dr, Houston, TX 77054

More public record information on 7929 Kirby Dr, Houston, TX 77054

The Medical Center South Retail Property at 7929 Kirby Dr, Houston, TX 77054 is currently available. Contact SRS National Net Lease for more information.

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Walgreens | 7+yrs Remain Corp NN | 7929 Kirby Dr
(480) 221-4221 x

Walgreens | 7+yrs Remain Corp NN | 7929 Kirby Dr

Patrick Luther
(480) 221-4221

Matthew Mousavi
(714) 404-8849

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