Walgreens

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Robert Bender

Managing Partner

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PROPERTY ADDRESS

11525 S. Highway 6, Sugarland, TX

PROPERTY INFORMATION

Price:
$6,974,000
Cap Rate:
5.75%
Term Remaining:
9+ years Years
Year Built:
2002
Status:
Available

INVESTMENT HIGHLIGHTS

  • 14,490 SF Walgreens Store Situated on 1.86 Acre Parcel
  • NNN Lease with No Landlord Responsibilities
  • Drive-Thru Location
  • S&P Rating “BBB” Grade
  • Exceptional Store Sales Ensures Long Term Occupancy
  • Recent Phase I and Survey Available for Update

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Walgreens located at 11525 Highway 6 in Sugar Land, TX. This 25 year NNN lease has no landlord responsibilities and there are over nine years remaining in the initial term. There are ten, five year options and the lease has a corporate guarantee.

The subject property is in a densely populated area with over 322,000 residents within five miles and has a projected growth rate of 17.83 percent by 2022. The median home value within one mile exceeds $235,000 and the average household income exceeds $109,000. The subject property is located near other national retail tenants including Advance Auto Parts, AutoZone, Lifetime Fitness, Kroger, HEB, Sam’s Club, Walmart and Home Depot.