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WALGREENS FOR SALE
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HWY 105 @ Walden Rd Conroe, Texas (Greater Houston Area)
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Building Size Approximately 14,800 sf - NOI: $378,996 Land Area: 1.74 acres - Cap Rate: Please Phone For Information
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PROPERTY HIGHLIGHTS
The Offering: The Offering: Walgreens Pharmacy located approximately 300 feet west of the Hwy 105 @ Walden Rd intersection in West Conroe across from a Wal-Mart Super Center and just west of Lake Conroe.
Traffic count on Hwy 105 is approximately 50,000 cares per day.
There is a Wal-Mart Super Center located on NEC of the intersection.
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PROPERTY DETAILS
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- Absolute NNN Lease
- Rent Commencement: February 23, 2009
- Term: 75 year lease with Walgreens right to cancel with 1 year notice after 25th year
- Strong Credit Tenant in Walgreens
- Freestanding, newly-constructed building across from Wal-Mart Super Center
- Well suited for private or 1031 exchange investors seeking high-quality replacement property
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FOR INFORMATION AND ASKING PRICE CALL: Charley Walters 713.667.3800 Cunningham Walters Properties
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Simpkins Group, Inc. obtained the information above from Cunningham Walters Properties, LLC. However, Cunningham Walters Properties, LLC & Simpkins Group makes no guarantees, warranties, or representation as to the completeness or accuracy thereof.
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03-25-2010
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