13714 Tx-249 Houston, TX 77086
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 13714 Tx-249
- Year built
- 1994
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
Fee-simple ownership of a 13,500 sq ft Walgreens in Houston, TX, boasting a 6.75% cap rate and $167,400 NOI. The property features a recently extended lease with a credit-rated corporate guarantee from Walgreens, a Fortune 500 company. Located on a high-traffic thoroughfare (Highway 249, +/- 46,000 VPD), this single-tenant retail property offers exceptional visibility and a strong, pandemic-proof tenant. The building, constructed in 1994, benefits from a recently replaced roof (2015) with a transferable warranty. The asking price is $2,480,000. This is a below-market rent opportunity with significant upside potential. The lease is a NN+ type.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4946
- Latitude
- 29.9205
