107 W Rankin Rd Houston, TX 77090

Building Details

Year Built

2012

Listing agency m***@nainorcal.com Show Phone

Listed by Mary Alam, MBA · License #CalDRE #01927340 Show Phone

Source Naiglobal

Added: Feb 26 Updated: Jul 10 at 1:13PM Checked: Jul 10 at 1:13PM

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Investment Insights

Based on property information with market context.

This property is a Walgreens located in Houston, Texas, with over 15.5 years remaining on the base lease term and multiple options. The absolute NNN lease provides long-term stable cash flow with no landlord responsibilities. Situated in Texas, a state with no income tax and a population of 29.5 million, the property is located within Houston, the largest city in Texas and the 4th largest in the US. The greater Houston metro area has a population exceeding 7 million people with continued projected growth. The property is near luxury car dealerships, retail centers, and residential neighborhoods, located off highway 45 with over 45,000 vehicles per day. It is 10 miles from the George Bush Intercontinental Airport (IAH) and 15 miles from downtown Houston. The property is located at the intersection of Kuykendahl Rd & W. Rankin Rd. Houston has a growing population in excess of 2.3 million.

Key Highlights

• Absolute NNN lease with zero landlord responsibilities.
• Long‑term lease with 15.5 years remaining, plus multiple options.
• Located in Houston, Texas, a major US city with a thriving economy and no state income tax.

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Similar Off Market Nearby

• Walgreens Pharmacy — 107 W Rankin Rd, Houston, TX 77090
• COVID-19 Drive-Thru Testing at Walgreens — 107 W Rankin Rd, Houston, TX 77090

FAQs

What type of property is this?

Drug store - Trophy Walgreens property with long-term lease and stable cash flow.

Where is this drug store located?

The property is located at 107 W Rankin Rd Houston, TX.

What is the asking price?

The asking price for this property is $8,822,000.

What are key features of this property?

This property features: Absolute NNN lease with zero landlord responsibilities.; Long‑term lease with 15.5 years remaining, plus multiple options.; Located in Houston, Texas, a major US city with a thriving economy and no state income tax.