For Sale
$3,800,000

2203 Texas PkwyMissouri City, TX 77489

High-Yield Texas Pharmacy

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 2203 Texas Pkwy, Missouri City, TX 77489. Built in 2003, this single-story, 14,432 square foot property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $304,000, with an asking price of $3,800,000. The property benefits from a highly desirable location within the thriving Houston-The Woodlands-Sugar Land metro area, a region with a robust economy and significant growth potential. The Walgreens tenant is investment-grade, providing financial stability and security with a guaranteed lease. The property features a convenient drive-through lane, a significant advantage in today's market. Furthermore, the location's performance ranks in the 81st percentile of Walgreens stores nationwide, indicating strong sales potential. Texas's favorable tax climate, with no state income tax, adds to the investment's attractiveness. This is a rare opportunity to acquire a high-performing, well-located retail property anchored by a nationally recognized brand in a dynamic market. The property's strong financials, coupled with the tenant's creditworthiness and the strategic location, make this an exceptional addition to any investment portfolio.

Highlights

  • Houston boasts a $633 billion GDP, ranking 7th nationally.
  • The University of Houston System generates $3.13 billion in economic benefit annually and 24,000 jobs. 80.5% of graduates remain in the region after five years.
  • Houston has the third-highest number of foreign consular offices in the US, with significant international banking presence.
  • High foot traffic: This location ranks in the 87th percentile for visits within a 15-mile radius and the 81st percentile nationally for Walgreens locations.
  • Texas has no state income tax.
  • High demand for drive-thru properties due to increased sales volume.

Property Details for 2203 Texas Pkwy

Property type
Retail properties, Drug stores
Square Feet
14,432 SF
Year Built
2003
Buildings
1
Stories
1

Location Insight

City
Missouri City
County
Fort Bend
State
Texas
Latitude
29.5956456
Longitude
-95.5258615
2203 Texas Pkwy, Missouri City, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2203 Texas Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message