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Off Market
1/9

12407 Grant Rd
Cypress, TX 77429


HIGHLIGHTS

  • APPROXIMATELY 11 YEARS REMAINING | INVESTMENT GRADE TENANT | CORPORATE GUARANTEED
  • NN LEASE | FEE SIMPLE OWNERSHIP | LIMITED LANDLORD RESPONSIBILITIES
  • SIGNALIZED HARD CORNER INTERSECTION | DRIVE THRU EQUIPPED
  • ACROSS FROM WALMART NEIGHBORHOOD MARKET | DENSE RETAIL CORRIDOR | LONE STAR COLLEGE - UNIVERSITY PARK
  • STRONG DEMOGRAPHICS IN AFFLUENT TRADE AREA

OVERVIEW

The asset is located at the signalized, hard corner intersection of Grant Road and N. Eldridge Parkway with a combined 29,400 vehicles passing by daily. Walgreens is also directly across from a Walmart Neighborhood Market, which helps promote crossover shopping. Other nearby national/credit tenants include Kroger, Planet Fitness, Target, The Home Depot, 24 Hour Fitness, and more, further increasing consumer traffic to the subject trade area. In addition, Walgreens is less than 3 miles from Lone Star College - University Park (over 5,500 students enrolled). The 5-mile trade area is supported by a dense population of 255,000 residents with an affluent average household income of $115,000.

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

13813

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

1202520010001