107 W Rankin Rd - Drug Store FOR SALE


Houston, TX 77090- Greater Greenspoint
$5,631,205 USD
415-358-2111
107 W Rankin Rd, Houston, TX for Sale
$5,631,205 USD
Drug Store - FOR SALE
1/12
null | 7.05% Cap Rate

107 W Rankin Rd
Houston, TX 77090
Greater Greenspoint


HIGHLIGHTS

  • Absolute NNN trophy Walgreens with zero landlord responsibilities, with a long term lease (1st termination option in 12 years, as of 11/1/2025)
  • Ranked in the 98th percentile (top 2%) among all Walgreens stores nationwide and top 2% in the State of Texas (Placer AI)
  • Superior annual visit count with nearly 618,700 visits in 2025 (Placer AI) and excellent reported sales ranging between $4M and $4.5M per year
  • Dense retail area in the immediate vicinity, including numerous high-end auto dealerships, retail centers and residential neighborhoods
  • Houston is the 4 largest city in the U.S and the largest city in Texas, a no income tax state
  • The Houston MSA is one of the fastest growing metropolitan regions in the U.S with a population estimates around 7.8 Million people

OVERVIEW

We are pleased to present for sale this trophy Walgreens property located in Houston, Texas. With approx.12 years (as of 11/1/2025) remaining until the first possible termination option, this asset provides long-term stable cash flow with an absolute NNN lease and no landlord responsibilities. Located in the tax-free state of Texas with a population of 29.5 million people, the property is a coveted asset within the thriving city of Houston, the largest in Texas and the 4th largest in the US. The greater Houston metro area counts a population in excess of 7.8 million people with projected continued population growth.

FOR SALE DETAILS

PRICE

$5,631,205 USD

PRICE/SF

$380 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WALGREENS WITH STRONG SALES

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C

APN/PARCEL ID

1189010010005

ASK ABOUT THIS PROPERTY

Mary Alam, MBANAI Northern CaliforniaMore Info
415-358-2111

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Mary Alam, MBANAI Northern CaliforniaMore Info
415-358-2111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.