Houston, TX - Walgreens

Description:

• Over 9 years remaining with 12 (5-year) option periods to extend
• Lease is corporate signed by Walgreen Co
• Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

• Located across the road from North Oaks Shopping Center, a 430,000 square foot shopping center with major tenants including Hobby Lobby, Ross Dress for Less, Five Below, and more
• Situated a few miles northeast of Willowbrook Mall, a 1,544,000 square foot shopping mall anchored by Dillard’s, Dick’s Sporting Goods, JCPenney, Macy’s, and more
• Positioned northeast of Champions Village Shopping Center, a 379,000 square foot anchored by Lowe’s, T.J. Maxx, Randalls, and more
• Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Costco Wholesale, HomeGoods, and more, further increasing consumer traffic to the site
• Strong tenant synergy promotes crossover shopping to the subject property