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Walgreens 14021 Stuebner Airline Rd 14,950 SF Retail Building Houston, TX 77069 $10,535,009 CAD ($704.68 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 9 Years Remaining | Corporate Signed | Scheduled Rental Increases
- North Oaks Center (430,000 SF) | Willowbrook Mall (1,544,000 SF) | Champions Village Center (379,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• Over 9 years remaining with 12 (5-year) option periods to extend
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,950 SF
Year Built
2014
Price
$10,535,009 CAD
Price Per SF
$704.68 CAD
Cap Rate
8%
NOI
$842,787 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
1.54 AC
Zoning
F1
Parking
64 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
199’ on Stuebner Airline Road
AMENITIES
- Pylon Sign
- Drive Thru
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1359380010001 | Improvements Assessment | $3,042,876 CAD |
| Land Assessment | $1,881,516 CAD | Total Assessment | $4,924,391 CAD |
PROPERTY TAXES
Parcel Number
1359380010001
Land Assessment
$1,881,516 CAD
Improvements Assessment
$3,042,876 CAD
Total Assessment
$4,924,391 CAD
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Walgreens | 14021 Stuebner Airline Rd
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