14021 Stuebner Airline Rd - Drug Store FOR SALE


Houston, TX 77069
$7,547,000 USD
949-270-8206
14021 Stuebner Airline Rd, Houston, TX for Sale
$7,547,000 USD
Drug Store - FOR SALE
1/8
null | 8% Cap Rate

14021 Stuebner Airline Rd
Houston, TX 77069


HIGHLIGHTS

  • Over 9 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • North Oaks Center (430,000 SF) | Willowbrook Mall (1,544,000 SF) | Champions Village Center (379,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• Over 9 years remaining with 12 (5-year) option periods to extend • Lease is corporate signed by Walgreen Co • Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$7,547,000 USD

PRICE/SF

$505 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

F1

APN/PARCEL ID

1359380010001

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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