Walgreens Absolute NNN

Walgreens | Houston, TX

Sands Investment Group Is Pleased to Present Exclusively For Sale the 15,049 SF Walgreens Absolute NNN Property Located at 9200 Cullen Blvd in Houston, Texas. Currently Walgreens Has More Than 5 Years Remaining on Its Lease. This Property Features a Hard Corner Location With Excellent Visibility and Access in a Desirable Neighborhood in Houston. A New Owner Will Have the Benefit and Security of Owning Generational Real Estate With a Credit Tenant and Essential Business in a Tax-Free State.

  • Absolute Triple Net (NNN) Lease Which Allows For a True Passive Investment With Zero Landlord Responsibilities
  • Property Features a Replaceable Rent of Only $18 PSF Which Increases the Likelihood of Renewal at the Current Rent
  • Extremely Strong Rent to Sales Ratio of ~ 4%
  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Full-Service Location With Drive-Thru; The Store Also Offers Curbside Pickup and Delivery
  • Signalized Access on a Hard Corner Location With Excellent Visibility, Seeing Nearly 40,000 VPD
  • Located Directly Off of Cullen Blvd, a Main Retail and Commuter Thoroughfare in Houston
  • Situated in Close Proximity to the Fountains, a Recently Completed Multifamily Development Project Consisting of 572 Units
  • Strong Demographic Area, With Over 110,327 People Within a 3-Mile Radius
  • Strong Medical Drivers Include Horizon Tower, a 500,000 SF State of the Art Life Sciences Development Project With Expected Completion in 2023
  • Store Sales in This Location Have Been Steady and Consistent With the Chainwide Average – Contact Broker For More Detail

In Cooperation With Sands Investment Group Austin, LLC  Lic. #9004706 BoR: Max Freedman Lic. # 644481

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