4902 FM 518 Rd - Drug Store FOR SALE


League City, TX 77573- Countryside
$7,064,000 USD
510-289-1166
4902 FM 518 Rd, League City, TX for Sale
$7,064,000 USD
Drug Store - FOR SALE
1/3
null | 6% Cap Rate

4902 FM 518 Rd
League City, TX 77573
Countryside


HIGHLIGHTS

  • Rare Absolute NNN Lease to Walgreens: Approximately 8 years remaining with zero landlord maintenance responsibilities
  • Walgreens Ranked #28 on Fortune 500: Largest retail pharmacy, health, & drug store chain in the world
  • Prime Signalized, Hard Corner Location: Excellent access and visibility with 25,000 vehicles per day on W Main Street
  • Affluent, High Growth, Houston Submarket: 5-mile population of 161,129 with an average household income of $129,868
  • 26 Miles from Downtown Houston: 5th most populous metro in the U.S.

OVERVIEW

The subject property is ideally situated at the signalized hard corner of W Bay Area Boulevard and Main Street (25,000 AADT) with multiple access points, including cross access from the adjacent Burger King property. The site benefits from strong, growing demographics with a population of 161,129, annual population growth rate of 1.28%, and average household income of $129,868 within a 5-mile radius. Neighboring retailers along W Main Street, which leads directly to Interstate 45 (150,646 AADT) and downtown League City, include CVS, Subway, Little Caesars, Valero, Anytime Fitness, Walmart Neighborhood Market, O’Reilly Auto Parts, and more. Major traffic drivers to the immediate area include Bay Area Christian School (900 students), Clear Springs High School (2,700 students), Creekside Intermediate School (900 students), Hall Elementary School (500 students), Gilmore Elementary School (700 students), Lynn Gripon Park & Sports Fields, Challenger Seven Memorial Park & Community Center, Magnolia Creek Golf Club, and more. League City, Texas, is a thriving waterfront community with a population exceeding 110,000, located less than 30 miles south of downtown Houston along the shores of Clear Lake. Positioned within Galveston County and the Bay Area of Houston, League City is strategically located between four key Gulf Coast shipping hubs—the Ports of Houston, Texas City, Galveston, and Freeport—making it a prime location for commerce, logistics, and professional relocation. With its combination of safety, affordability, and quality of life, League City consistently ranks among the best places to live and raise a family in Texas. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$7,064,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

None

APN/PARCEL ID

2824-0000-0000-001

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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