• Broker Patrick Luther 4802214221
  • Broker Matthew Mousavi 7144048849

Walgreens | 7+yrs Remain Corp NN 7929 Kirby Dr 14,820 SF Retail Building Houston, TX 77054 £5,069,629 (£342.08/SF) 7% Net Initial Yield

View Photo

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

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2007
Price
£5,069,629
Price Per SF
£342.08
Net Initial Yield
7%
NOI
£354,851
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Lot Size
1.29 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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

LINKS

Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (84)

NEARBY MAJOR RETAILERS

Fiesta Mart
Bank of America
Frost Bank
Regions Bank
Chase Bank
Golden Krust
Pappas Bar-B-Q
Five Guys
Olive Garden
Pei Wei Asian Diner

PROPERTY TAXES

Parcel Number 1282750010001 Improvements Assessment £1,230,431
Land Assessment £2,551,470 Total Assessment £3,781,900

MAP

ADDITIONAL PHOTOS

View Photo Houston TX - Walgreens (Kirby)2
View Photo Houston TX - Walgreens (Kirby)3
View Photo Houston TX - Walgreens (Kirby)4
View Photo Houston TX - Walgreens (Kirby)5
View Photo Houston TX - Walgreens (Kirby)6

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