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12959 Aldine Westfield RdHouston, TX 77039

Absolute NNN Walgreens; 4.5 years remaining

Overview

Added:
Dec 11, 2024
Days on market:
119
Offered is a 14,800-square-foot Walgreens in Houston, Texas, under an absolute net lease with a corporate guarantee. The property, built in 2004, sits on a 1.39-acre lot with ample parking and multiple access points. The lease, commencing June 1, 2004, and expiring May 31, 2029, has 4.5 years remaining, followed by ten, five-year renewal options. The location boasts a signalized hard corner on Aldine Westfield and Aldine Mail Route Roads, experiencing combined daily traffic exceeding 27,110 vehicles. The strong demographics include over 267,436 residents within a five-mile radius. Proximity to the Hardy Toll Road (60,500 VPD) further enhances accessibility. The tenant recently completed a VillageMD renovation at their own expense. The property is situated near several schools, including Lone Star College-East Aldine Center, Grantham Academy, MacArthur Senior High School, and Stephens Elementary School. This presents a compelling investment opportunity due to the long-term lease, strong tenant, and desirable location. The property enjoys a 100% occupancy rate and a 20-year operating history.

Highlights

  • Absolute Net Lease with 5.1 years remaining and ten 5-year options.
  • Signalized hard corner location on Aldine Westfield and Aldine Mail Route Roads; combined daily traffic exceeds 27,110 vehicles.
  • Over 267,436 residents within a five-mile radius.
  • 1.39-acre parcel with ample parking and multiple access points.
  • Tenant-funded VillageMD renovation.
  • One mile from Hardy Toll Road (60,500 VPD).

Property Details for 12959 Aldine Westfield Rd

Property type
Retail properties, Drug stores
Square Feet
14,800 SF
Year Built
2004
Lot Size (sq. ft)
60,548 SF
Units
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.902127328996
Longitude
-95.355664723833
12959 Aldine Westfield Rd, Houston, Texas

FAQs

What type of property is this?
Retail property - Absolute NNN Walgreens; 4.5 years remaining
Where is the retail property located?
The property is located at 12959 Aldine Westfield Rd Houston, TX.
What are key features of this property?
This property features: Absolute Net Lease with 5.1 years remaining and ten 5-year options.; Signalized hard corner location on Aldine Westfield and Aldine Mail Route Roads; combined daily traffic exceeds 27,110 vehicles.; Over 267,436 residents within a five-mile radius.
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12959 Aldine Westfield Rd
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