Walgreens Houston, TX

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Walgreens

Address

18535 Champion Forest Drive
Houston, TX 77379

Property Overview

Located in north Houston, the Property is well-positioned within an established and expanding residential trade area. The Walgreens NNN lease offers zero landlord responsibilities. Walgreens' brand recognition coupled with the tenant's 20-year long-standing history at 18535 Champion Forest Drive offers investors a low-risk net lease investment opportunity.

Investment Highlights

100% leased by Walgreens (NASDAQ: WBA) and featuring a long-term 33-year lease with 11 years remaining and seven 5-year option periods

Walgreens operates over 12,500 locations and has investment grade credit with an S&P rating of BBB-

Located within an affluent trade area, and surrounded by numerous golf course communities with average household incomes exceeding $120,000 within a one-mile radius

Easily accessible from both Spring Cypress Road, a dominant east-west thoroughfare and Champion Forest Drive, with exposure to a combined 47,000 cars per day

Adjacent to the Kroger anchored Stables Town Center with over two million annual visitors* that consistently pull from beyond a drawing ample cross traffic opportunities to Walgreens

Expanding and well-educated population with over 267,000 people within a five-mile radius