Walgreens 20500 FM 529 Local commercial 1 353 m² À vendre Cypress, TX 77433 3 548 740 € (2 623,51 €/m²) Taux de capitalisation 6,65 %

The Kase Group is pleased to present the opportunity to acquire a Walgreens located in Cypress, Texas. The ±14,560 square foot building is situated on a ±1.62-acre parcel and is secured by an Absolute NNN lease with zero landlord responsibilities. The lease is backed by Walgreens and expires in 2040. The lease includes twelve 5-year renewal options, each with 5% rental increases.
Strategically located at a signalized intersection, the property benefits from excellent visibility with traffic counts exceeding 85,000 vehicles per day. The surrounding trade area includes high-performing national tenants such as H-E-B, Kroger, CVS, Chick-fil-A, Dollar Tree, Sherwin-Williams, AutoZone, Whataburger, Jack in the Box, and Sonic.
Cypress is a booming suburban community in Harris County, approximately 25 miles northwest of Downtown Houston. The area is anchored by top-rated schools, expansive master-planned communities such as Bridgeland, and sustained commercial growth. With a population of nearly 300,000 within a 5-mile radius and an average household income above $110,000, Cypress represents one of the most desirable and rapidly developing submarkets in Greater Houston.