Listed by SRS Real Estate Partners Newport Beach
$6,729,000
Walgreens | Houston TX (Kirby)
Details
APN 1.28275E+12
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 7%
NOI $471,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Term 25
Lease Expiration 10/01/2032
Remaining Term 6.2
Lease Options 50 (1-year)
Year Built 2007
Acreage 1.290
Zoning Commercial
Parking Spaces 64 spaces
Parking per 1,000 SqFt 4.32
Lease Commencement 10/01/2007
Ownership Fee simple interest (land & building ownership)
Retail | 7.00% CAP | 14,820 SF
Investment highlights
7+ Years Remaining | Options To Extend
NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Adjacent to NRG Stadium (70,000+ Seats) | Strong National/Credit Tenant Presence | Retail Corridor
Direct, Affluent Consumer Base | 400K+ Population In Area |Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$471,000.00
$39,250.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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