9200 Cullen Blvd | Houston, TX 77051
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- LoopNet Team
9200 Cullen Blvd
Houston, TX 77051
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease Which Allows For a True Passive Investment With Zero Landlord Responsibilities
- Extremely Strong Rent to Sales Ratio of ~ 4%
- Full-Service Location With Drive-Thru; The Store Also Offers Curbside Pickup and Delivery
- Property Features a Replaceable Rent of Only $18 PSF Which Increases the Likelihood of Renewal at the Current Rent
- Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
- Signalized Access on a Hard Corner Location With Excellent Visibility, Seeing Nearly 40,000 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,049 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.60 AC
Zoning
NA
Parking
83 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 1198170010002 | Improvements Assessment | $1,578,249 |
| Land Assessment | $1,141,238 | Total Assessment | $2,719,487 |
PROPERTY TAXES
Parcel Number
1198170010002
Land Assessment
$1,141,238
Improvements Assessment
$1,578,249
Total Assessment
$2,719,487
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