Join Free
Views: 43 DOM: 72 Updated: 05.29.24 Posted: 04.01.24 Status: Active


Price $4,309,677
Built/Renov 2002
Tenant Walgreens
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,259
Lease Start 04-14-2023
#Units 13,532
Price/SF $351.55
Expiration 04-30-2028
Tenant Type Pharmacy
NOI $334,000
R. Term 3.10
Ownership Fee Simple
Rent/SF $27.25
Increases 0.0%/0/yrs
Pop 5Mi 192,095
Lot/AC 2.31
Options 10/5yrs
AHHI 5Mi $77,150

Lease Highlights

  • Walgreens has 4 years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Investment grade tenant (S&P: BBB-)
  • Corporate guaranteed lease (NASDAQ: WBA)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Maxey Road and Woodforest Blvd., with access to 26,600 vehicles passing by daily. Its advantageous location ensures excellent visibility and features prominent signage at the intersection, along with convenient access points. Moreover, the surrounding area is characterized by densely populated...



  • 1 Mile
  • 3 Miles
  • 5 Miles


About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,271 81,839 189,531
2023 Total Population : 14,195 81,344 186,860
2023 Employed Civilian Pop : 5,851 35,962 80,761
2023 Total Businesses : 281 2,424 4,855
2023 Average Household Income : $ 55,061 $ 65,241 $ 67,878
2023 Total Consumer Spending : $ 243 M $ 1500 M $ 3481 M
2023 Median Age : 29 31 32
2023 Total Households : 4,942 26,043 58,270
2023 Pop Age 25+: Bachelor's Degree : 890 4,298 10,658
2023 Average Home Value : $ 172,894 $ 188,196 $ 204,344
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Wood Forest Dr Woodhurst St 2011 4,680 0.04 mi
Maxey Rd Wood Forest Dr 2011 20,490 0.05 mi
Maxey Road Wood Forest Dr 2019 20,933 0.05 mi
Wood Bayou Dr Maxey Rd 2011 2,550 0.15 mi
Eastbrook Dr Maxey Rd 2011 550 0.42 mi
Chalmette St St Edwards Green Dr 2011 110 0.46 mi
Maxey Rd Church Rd 2002 26,000 0.70 mi
Fleming Dr Federal Rd 2011 2,300 0.71 mi
2001 6,010 0.75 mi
Maxey Rd Keyport Ln 2011 4,820 0.82 mi

Listing Broker

Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT



my activity