7929 Kirby Dr, Houston, TX 77054-1701
- Drug stores
- 19,575 SF
- 1.30 lot acres
Current Use by Public Records
- Regina O. Simien, PharmD / Pharmacy
- Village Medical at Walgreens / Medical Clinic
- Coinhub Bitcoin ATM Teller / Atm
- Village Medical at Walgreens - Braeswood / Medical Clinic
- O. Lerey Johnson, MD / Medical Clinic
Property Details for 7929 Kirby Dr
- Year built
- 2007
- Construction
- STEEL & CONCRETE
- Lot size
- 1.30 lot acres
- Property type
- Drug stores
- APN
- 1282750010001
- APU
- 1282750010001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 23, 2024 | — | Cotrust Se LLC | Kireland Kirby Plaza Houston LLC | Special Warranty Deed | — |
| Dec 22, 2016 | — | Kireland Westheimer Road Houst | — | Deed · related | $150M · Citibank |
| May 16, 2012 | — | Kirby Plaza Houston L Kireland | Kirby Of Ost Associates LP | Quit Claim Deed · related | — |
| — | — | Kireland Westheimer Road Houst | — | Deed Of Trust · related | $150M · Citibank |
Description
This exceptional investment opportunity presents a fee-simple interest in a 14,820-square-foot Walgreens (+ Village MD) located at 7929 Kirby Dr, Houston, TX 77054. The property sits on a 1.29-acre lot at a prominent, signalized intersection boasting over 61,800 vehicles per day. This single-tenant, net-lease property benefits from a strong corporate guarantee and a remaining lease term of 7.9 years, with 50 one-year renewal options. The lease commenced October 1, 2007, and expires October 31, 2032. The property's strategic location is two blocks north of NRG Stadium (home of the Houston Texans), approximately one mile southwest of the Texas Medical Center, and about six miles southwest of Downtown Houston. This high-traffic area provides access to over 147,000 residents within a three-mile radius, with an average household income of $146,000. The Walgreens location has demonstrated strong performance, with reported annual store sales of $2.78 million and estimated total annual sales of approximately $10 million. Built in 2007, the property offers a 6.50% cap rate, a net operating income (NOI) of $471,000, and a price per square foot of $489.20. The asking price for this exceptional retail investment is $7,250,000. The property's high visibility and strong tenant history make it an attractive addition to any portfolio.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,272,000
Market price range: $766k - $2.27M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,445,000 Current use
- RESTAURANT
- $1,980,000 Change: +37% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,825,000 Change: +27% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,520,000 Change: +5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4128
- Latitude
- 29.6933
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
