13714 Tx-249Houston, TX 77086
For Sale
$2,480,000
High-yield, net-leased Walgreens
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- Fee-simple ownership of a 13,500 sq ft Walgreens in Houston, TX, offering a 6.75% cap rate and $167,400 NOI, with an asking price of $2,480,000.
- Below-market rent of $12.40/sq ft (CoStar estimates $22.81/sq ft), presenting significant upside potential.
- Recently extended lease with zero concessions from Walgreens, a Fortune 500 company, providing a corporate guarantee.
- Prime location on Highway 249 (approx. 46,000 VPD), surrounded by strong retail competition, ensuring excellent visibility and high traffic counts.
- Net lease structure with minimal landlord responsibilities, including a transferable warranty on the 2015 roof replacement.
- Exceptional visibility and access from Highway 249.
Property Details for 13714 Tx-249
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 13,500 SF
- Year Built
- 1994
- Buildings
- 1
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.9205084132
- Longitude
- -95.494583650526
13714 Tx-249, Houston, Texas
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