77051 Archives | Sands Investment Group

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