9510 Sam Houston E Pkwy Humble, TX 77396-2935

Property Details for 9510 Sam Houston E Pkwy

Year built

2005

Construction

BRICK

Lot size

1.91 lot acres

Property size

15,571 SF

Property type

Drug stores

APN

1273120010001

APU

1273120010001

Description

This exceptional investment opportunity presents a 14,820 square foot Walgreens located at 9510 N Sam Houston Pkwy E, Humble, TX 77396. Situated on a 1.9-acre corner lot, this property benefits from an irreplaceable location with high visibility and accessibility. The property boasts a combined daily traffic count of 150,000 vehicles at the intersection of Beltway 8 (toll road) and Wilson Road. The strong demographics include 13,000 residents within a 1-mile radius, boasting an average income of $112,000. This single-tenant, absolute NNN lease with a corporate guarantee from Walgreens ensures a stable and predictable income stream. The lease expires October 31, 2030, with 10 five-year renewal options. Built in 2005, the property features a Net Operating Income (NOI) of $309,000, representing a 7.00% cap rate on the asking price of $4,414,200. The property's strategic location near George Bush Intercontinental Airport and the Golf Club of Houston, along with its proximity to a Walmart Supercenter and other national retailers, further enhances its value and potential for long-term growth. This is a rare opportunity to acquire a high-performing, well-located Walgreens investment property in a thriving Houston suburb.

Location Insight

City

Humble

County

Harris

State

Texas

Longitude

-95.2488

Latitude

29.9335

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments