7929 Kirby DrHouston, TX 77054

Property Details for 7929 Kirby Dr

Year built

2007

Construction

STEEL & CONCRETE

Lot size

1.30 AC

Property size (Sq ft)

19,575 SF

Property type

Drug stores

APN

1282750010001

APU

1282750010001

Description

This exceptional investment opportunity presents a fee-simple interest in a 14,820-square-foot Walgreens (+ Village MD) located at 7929 Kirby Dr, Houston, TX 77054. The property sits on a 1.29-acre lot at a prominent, signalized intersection boasting over 61,800 vehicles per day. This single-tenant, net-lease property benefits from a strong corporate guarantee and a remaining lease term of 7.9 years, with 50 one-year renewal options. The lease commenced October 1, 2007, and expires October 31, 2032. The property's strategic location is two blocks north of NRG Stadium (home of the Houston Texans), approximately one mile southwest of the Texas Medical Center, and about six miles southwest of Downtown Houston. This high-traffic area provides access to over 147,000 residents within a three-mile radius, with an average household income of $146,000. The Walgreens location has demonstrated strong performance, with reported annual store sales of $2.78 million and estimated total annual sales of approximately $10 million. Built in 2007, the property offers a 6.50% cap rate, a net operating income (NOI) of $471,000, and a price per square foot of $489.20. The asking price for this exceptional retail investment is $7,250,000. The property's high visibility and strong tenant history make it an attractive addition to any portfolio.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6933

Longitude

-95.4128

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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