Walgreens | 7+yrs Remain Corp NN 7929 Kirby Dr 14,820 SF Retail Building Houston, TX 77054 £5,158,384 (£348.07/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining | Options To Extend
- Adjacent to NRG Stadium (70,000+ Seats) | Strong National/Credit Tenant Presence | Retail Corridor
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Direct, Affluent Consumer Base | 400K+ Population In Area |Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
- 7+ years remaining on its lease with 50 (1-Year) options to extend, demonstrating their commitment to the site
- Flat rent throughout the initial term and option periods
- Flat rent throughout the initial term and option periods
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
C
Year Built
2007
Price
£5,158,384
Price Per SF
£348.07
Net Initial Yield
7%
NOI
£361,064
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Lot Size
1.29 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
64 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
124 ft on Kirby
AMENITIES
- Corner Lot
- Dedicated Turning Lane
- Motorway Visibility
- Signage
- Signalised Junction
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Walgreens
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Walgreens | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1282750010001 | Improvements Assessment | £1,251,341 |
| Land Assessment | £2,594,830 | Total Assessment | £3,846,171 |
