new price - constant contactfiles.constantcontact.com/3c54a4c9501/a28aa683-d66b-4fbb-8d67-… ·...

• Well-established Walgreens drugstore with strong historical sales • Absolute NNN lease with no landlord maintenance responsibilities, 13+ years remaining • Northern Houston location with attractive demos: 296,812 residents having an average household income of $78,240 within a 5-mile radius of the property • Close proximity to the Houston Methodist Willowbrook Hospital, a 312-bed hospital • 4-way signalized corner location with excellent traffic counts • Corporately guaranteed lease, deliverable free-and-clear, no rent holidays Houston, TX $5,145,000 Price 5.50% CAP Rate Offering Memorandum Texas Single Tenant | Walgreens in Northern Houston | Absolute NNN | Strong Sales Investment Highlights #1 AGENT COMPANYWIDE IN THE SALE OF NET-LEASED DRUGSTORES OVER $3.7 BILLION IN NET-LEASED PROPERTIES SOLD EXCLUSIVELY BY GLASS & PARTNERS Parcel lines not exact Exclusively listed by: Jason Hernandez Senior Associate (415) 963-3031 Direct [email protected] 750 Battery Street, 5th FL San Francisco, CA 94111 CA DRE License: 01392646 Timothy Speck Texas Qualifying Broker John Glass Executive Managing Director (415) 625-2114 Direct [email protected] 750 Battery Street, 5th FL San Francisco, CA 94111 CA DRE License: 00980723 New Price

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Page 1: New Price - Constant Contactfiles.constantcontact.com/3c54a4c9501/a28aa683-d66b-4fbb-8d67-… · Texas Single Tenant | Walgreens in Northern Houston | Absolute NNN | Strong Sales

• Well-established Walgreens drugstore with strong historical sales

• Absolute NNN lease with no landlord maintenance responsibilities, 13+ years remaining

• Northern Houston location with attractive demos: 296,812 residents having an average household income of $78,240 within a 5-mile radius of the property

• Close proximity to the Houston Methodist Willowbrook Hospital, a 312-bed hospital

• 4-way signalized corner location with excellent traffic counts

• Corporately guaranteed lease, deliverable free-and-clear, no rent holidays

Houston, TX$5,145,000 Price5.50% CAP Rate

Offering Memorandum

Texas Single Tenant | Walgreens in Northern Houston | Absolute NNN | Strong Sales

Investment Highlights

#1 AGENT COMPANYWIDE IN THE SALE OF NET-LEASED DRUGSTORES OVER $3.7 BILLION IN NET-LEASED PROPERTIES SOLD EXCLUSIVELY BY GLASS & PARTNERS

Parcel lines not exact

Exclusively listed by:

Jason HernandezSenior Associate(415) 963-3031 [email protected] Battery Street, 5th FLSan Francisco, CA 94111CA DRE License: 01392646

Timothy SpeckTexas Qualifying Broker