Net Leased Walgreens Offering | 2717 Fm 1960 Rd E
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Net Leased Walgreens Offering 2717 Fm 1960 Rd E
14,611 SF Retail Building Houston, TX 77073 $4,437,037 ($304/SF) 6.75% Cap Rate
Investment Highlights
- Net Leased Offering
- Seller will Provide 50% LTV Financing
- Located along a Major Commercial Thoroughfare
- Corporate Guarantee - NASDAQ:WBA
- $2,791,529 in Reported Sales
- Desirable Demographics - 208,334 within a 5-Mile Radius
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Houston, Texas. The lease is corporately
guaranteed by Walgreens and expires in February 2030 with ten, 5-year
renewal options. This Walgreens benefits from its location at the signalized
intersection of Treaschwig Rd and Fm 1960 Rd E with exposure to over
22,357 vehicles per day. The site borders various retailers including Circle K,
T-Mobile, Dollar Tree, Starbucks, Papa Johns Pizza, McDonald's, KFC,
Popeyes and many more.
established Walgreens location in Houston, Texas. The lease is corporately
guaranteed by Walgreens and expires in February 2030 with ten, 5-year
renewal options. This Walgreens benefits from its location at the signalized
intersection of Treaschwig Rd and Fm 1960 Rd E with exposure to over
22,357 vehicles per day. The site borders various retailers including Circle K,
T-Mobile, Dollar Tree, Starbucks, Papa Johns Pizza, McDonald's, KFC,
Popeyes and many more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,611 SF
Building Class
C
Year Built
2005
Price
$4,437,037
Price Per SF
$304
Cap Rate
6.75%
NOI
$299,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.77 AC
Parking
45 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
196 FT on Fm-1960 Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1264770010001 | Improvements Assessment | $1,605,749 |
| Land Assessment | $1,142,713 | Total Assessment | $2,748,462 |
PROPERTY TAXES
Parcel Number
1264770010001
Land Assessment
$1,142,713
Improvements Assessment
$1,605,749
Total Assessment
$2,748,462
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Net Leased Walgreens Offering | 2717 Fm 1960 Rd E
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