"Walgreen's A+ Location, Houston, Texas"
Walgreens
Marketing description
SVN | Net Lease Texas is pleased to offer this A+ Location Walgreen’s, Store #1645, at 15633 Vintage Preserve Parkway in Houston, Texas. This ”Relocation” Store was Built in 2017 as part of the Vintage Marketplace which includes Exclusive Whole Foods Anchored Retail Center.
The 14,820 SF Property includes a Walgreen’s on 1.698 Acres at the Hard Corner / Signalized Intersection of Louetta Road / Vintage Preserve Parkway. The Louetta Road Traffic Counts are 34,700+ VPD and Vintage Preserve Parkway Traffic Counts are 31,200+ VPD. These tremendous Traffic Counts are complimented by 108,000+ Population and $127,000+ Average Household Income in the (3) Mile Radius.
This Northwest Houston Retail Area is located just off of Highway 249, which has Traffic Counts of 84,000+ VPD. The Neighboring National Retailers / Medical Properties include Chick Fil A, Home Depot, Kroger, CVS, St Luke’s Hospital, MD Anderson Cancer Center and also Lone Star College.
Investment highlights
Built in 2017 / 14,820 SF / 1.698 Acres
Prime Lease Term; 9.15.2017 – 9.30.2032
(12) 5 Year Option Periods
NNN Lease (Zero Landlord Responsibilities)
$414,027.00 - Annual Rent ($27.98 PSF)
$7,897,657.00 – Asking Price (5.25% Cap Rate)
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