Enter the "Deal room" for exclusive documents related to this property.
|Current / Passing Rent||
|Remaining Term||14 years, 1 month|
|Last Updated Date||26 Jun 2020|
JLL is pleased to exclusively offer a exceptional opportunity to acquire the fee-simple interest in a single-tenant property leased to Walgreen Co. in Houston, Texas. The property is situated on a 1.54 acre corner parcel between Stuebner Airline Dr. and FM 1960 RD W, a four-way, signalized intersection. One of the busiest intersections in Northwest Houston, the property is adjacent to local demand drivers - Ross, Starbucks, Hobby Lobby, and Petco. Walgreen Co., an investment grade tenant (S&P: ‘BBB / Stable’), has occupied the property since 2014 and recently signed a brand new lease.
- Brand new 15-year absolute NNN lease
- Rare primary term increases (5% every 5 years)
- Direct frontage along primary retail thoroughfare with 80,000 VPD
- Dense and affluent surrounding demographic base with and AHHI of $90,000
- Investment grade tenancy