107 W Rankin Rd Houston, TX 77090
Trophy Walgreens property with long-term lease and stable cash flow.
Lot size:
1.69 AcresProperty Features for 107 W Rankin Rd
General Information
- Lot size
- 1.69 Acres
Building Details
- Year built
- 2012
Source:
Nainorcal
Listing Agent: Mary Alam, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Houston Walgreens NNN Investment Opportunity
This Walgreens property is located in Houston, Texas, offering a long-term, stable cash flow with an absolute NNN lease, meaning no landlord responsibilities. The lease has over 15.5 years remaining on the base term, with multiple options for renewal. 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 fourth largest in the U.S. The greater Houston metro area has a population exceeding 7 million and is projected to continue growing. The property is located near luxury car dealerships, retail centers, and residential neighborhoods, with high visibility off highway 45, which sees over 45,000 vehicles per day. It is approximately 10 miles from the George Bush Intercontinental Airport (IAH) and 15 miles from downtown Houston. The property occupies a busy intersection at Kuykendahl Rd & W. Rankin Rd, with a traffic volume of over 44,000 vehicles per day. The immediate vicinity includes numerous high-end auto dealerships, retail centers, and residential neighborhoods. Houston has a growing population in excess of 2.3 million.
Location Intelligence
Current Use by Public Records
Walgreens Pharmacy
Pharmacy
Walgreens
Pharmacy
Redbox
Cinema
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Similar Places Nearby
Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.4202229
- Latitude
- 29.9650041
Nearby Similar for Sale
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 no landlord responsibilities, providing long-term, stable cash flow.; - Long-term lease with 15.5 years remaining plus multiple options.; - Trophy Walgreens property in Houston, Texas.
