WALGREENS

INVESTMENT HIGHLIGHTS

• Long Term Operating History – Walgreens has been operating at this location for 23+ years and recently exercised their first 5-year option early while simultaneously extending their lease for an additional 3 years as well. This demonstrates their long-term commitment to this location and the store’s continued success.
• Strong Demographics – The property is located approximately 13 miles northeast of downtown Houston, the largest city in Texas. The site has a 3-mile population of +140,000 with an average household income over $125,000.
• Half Traffic Location – The intersection has a combined VPD of +48,000 and sits about 3 miles north of Interstate-10, which sees +300,000 vehicles daily.
• Income Tax-Free State – Texas is one of nine states with no state income tax.
• Retail Synergy – The property benefits from its proximity to 2 recently developed strip centers and a grocery anchored shopping center at the same intersection.
• Nearby Medical – Memorial Hermann Memorial City Medical Center is an over 440-bed facility about 3 miles from the property and sees over 24,000 patients annually.
• Corporate Guarantee – The lease is corporately guaranteed by Walgreens with approximately 8,400 locations nationwide. The company was recently acquired by Sycamore Partners for +$10 billion.

Jack Perez and Brandon Perez in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.