Walgreens with Strong Sales
Walgreens with Long term absolute NNN Lease-Strong Sales-12 yrs until next option (as 11/1/2025)
Marketing description
We are pleased to present this trophy Walgreens property located in Houston, Texas. With approx. 12 years (as of 11/1/2025) remaining until the first possible termination option, this asset provides long-term stable cash flow with an absolute NNN lease and no landlord responsibilities. Located in the tax-free state of Texas with a population of 29.5 million people, the property is a coveted asset within the thriving city of Houston, the largest in Texas and the 4th largest in the US. The greater Houston metro area counts a population in excess of 7.8 million people with projected continued population growth.
The property enjoys a busy and desirable location near luxury car dealerships (Porsche, Lamborghini, etc.), retail centers, and residential neighborhoods. Occupying the busy intersection of Kuykendahl Rd & W. Rankin Rd (27,612 VPD), this Walgreens benefits from quick access to and high visibility from the nearby busy 45 Interstate with over 251,227 VPD. The George Bush Intercontinental Airport (IAH) is only 10 miles away and downtown Houston is within 15 min. drive.
Investment highlights
Absolute NNN trophy Walgreens with zero landlord responsibities
Coveted long term lease with the first termination option in 12 years (as of 11/1/2025)
Ranked in the 98th percentile (top 2%) among all Walgreens stores nationwide and top 2% in the State of Texas (Placer AI)
Superior annual visit count with nearly 618,700 visits in 2025 (Placer AI)
Very strong reported sales, consistently in excess of $4 Million dollars annually
Busy intersection of Kuykendahl Rd. and W Rankin Rd with easy access and visibility from busy Interstate 45 with over 251,000 VPD
Dense retail area in the immediate vicinity, including numerous high-end auto dealerships, retail centers and residential neighborhoods
Houston is the 4th largest city in the U.S and the largest city in Texas, a no income tax state. The Houston MSA is one of the fastest growing metropolitan regions in the U.S with a population estimate around 7.8 Million people
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