Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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