Walgreens Drugstore with NNN
8942 W Sam Houston Pkwy N, Houston, TX 77040
For Sale
Contact for pricing
The tenant pays property taxes, insurance, utilities, and interior and exterior maintenance costs.
Property SizeContact for details
Days on Market36
Property Features for 8942 W Sam Houston Pkwy N
General Information
Standard status
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Gross Income
Corner Location
Building Details
Tenancy
Listing Agency:
The Kase Group
Listed By:
Jeff Bracco · License CA #01336201
(510) 388-4438
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kase Group
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Investment Insights
Based on property information with market context.
The Walgreens drugstore at 8942 W. Sam Houston Pkwy N. in Houston is leased to Walgreen Co. under a true NNN structure. The tenant is responsible for property taxes, insurance, utilities, and interior and exterior repairs and maintenance, leaving no landlord responsibilities identified in the lease summary. The firm lease term ends November 30, 2035, and includes twelve five-year renewal options. Contractual rent increases are 5% every five years and continue through the option periods.
The property occupies a hard corner along Sam Houston Parkway (Beltway 8) in Northwest Houston. Walgreens has operated at this location since approximately 2000.
The property occupies a hard corner along Sam Houston Parkway (Beltway 8) in Northwest Houston. Walgreens has operated at this location since approximately 2000.
Key Highlights
- Walgreen Co. lease has a firm term through 11/30/2035
- Twelve 5‑year renewal options
- 5% contractual rent increases every five years, including during option periods
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 77040, TX
49,524
Population
19,197
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
79%
High-School Grad
13.8 sq mi
ZIP Area
3,589
Density / Sq Mi
$67,254
Median Household Income
$37,004
Median Earnings
$1,343
Median Rent
$224,200
Median Home Value
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Market
Vacancy Rate% for Retail in Houston, TX
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- Khanh Duyen Tran — 8942 W Sam Houston Pkwy N, Houston, TX 770405319
- COVID-19 Drive-Thru Testing at Walgreens — 8942 W Sam Houston Pkwy N, Houston, TX 77040
Frequently Asked Questions
What type of property is this?
Drug store - The tenant pays property taxes, insurance, utilities, and interior and exterior maintenance costs.
Where is this drug store located?
The property is located at 8942 W Sam Houston Pkwy N Houston, TX.
What is the asking price?
The asking price for this property is $5,625,000.
What are key features of this property?
This property features: Walgreen Co. lease has a firm term through 11/30/2035; Twelve 5‑year renewal options; 5% contractual rent increases every five years, including during option periods
