Houston, TX
$6,300,000 · 6.00% CAP · 14 Yr. Lease · Single Tenant Net Lease


Houston, TX

Sale Price: $6,300,000
CAP Rate: 6.00%
Building Size: 14,820 SF
Lot Size: 2.18 Acres
Year Built: 2005

The subject offering is a fee simple interest in an absolute NNN leased Walgreens. Over 14 years remain on the initial term, with the lease calling for zero landlord obligations. The tenant has ten 5 year options to renew. The subject property is well situated on a major commercial thoroughfare and surrounded by national retailers including The Home Depot, Walmart Supercenter, ALDI, Target, IHOP, and Chick-fil-A.

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Presented By

Jeff Bracco

Senior Vice President of Investment Sales

BRE# 01336201

Jeff Bracco is a Senior Vice President of Investment Sales and a top selling broker at The Kase Group. He brings 15 years of experience to his diverse work on single tenant disposition and acquisition advisory throughout the United States...