| Purchase Price | $4,200,000 |
|---|---|
| Annual Rental Income | $336,000 |
| Cap Rate | 8.00% |
| Lease Term | 9 Years |
| City | Humble |
"*" indicates required fields
Walgreens – Humble, TX (Houston MSA)
This Walgreens Pharmacy located in Humble, Texas presents a rare opportunity to acquire a single-tenant, absolute triple-net (NNN) leased investment in one of the most robust suburban markets of the Houston metropolitan area. Leased to Walgreens Boots Alliance, a Fortune 500 and investment-grade tenant, the property offers completely passive ownership, long-term income security, and enduring value supported by national credit and essential-use functionality.
Strategically positioned along a heavily trafficked retail corridor with excellent visibility, this property benefits from strong demographics, high surrounding density, and continued growth throughout the North Houston region. As part of the Greater Houston MSA, Humble is seeing increased demand for healthcare, retail, and housing, making this a well-positioned, long-term hold for investors seeking reliable returns and lease-backed security.
Tenant Overview – Walgreens Boots Alliance
Walgreens is a subsidiary of Walgreens Boots Alliance (NASDAQ: WBA), one of the world’s largest pharmacy and health-and-wellness companies. The firm operates over 8,000 stores throughout the United States and is deeply integrated into the fabric of everyday healthcare for millions of Americans.
Walgreens stores offer a wide range of services including prescription medications, over-the-counter drugs, vaccinations, wellness products, and convenience essentials. The company has expanded its healthcare service offering in recent years through partnerships such as VillageMD, bringing primary care services into its physical locations. With growing focus on integrating retail and clinical services, Walgreens continues to lead the evolution of healthcare access.
As a long-standing tenant in the single-tenant net lease space, Walgreens has established a reputation for lease longevity, site retention, and operational stability—making it a highly desirable and creditworthy occupant for commercial property investors.
Lease Structure – Absolute Triple-Net (NNN)
The lease for this Walgreens property in Humble, TX is structured as an absolute triple-net lease, with the tenant assuming full responsibility for all expenses related to the property. This includes real estate taxes, insurance, common area maintenance, structural repairs, and capital improvements.
Key lease highlights:
This lease structure is particularly attractive to private investors, family trusts, institutions, and estate planners seeking dependable cash flow and minimal day-to-day involvement.
Humble, TX Market Overview – Houston MSA
Humble is a fast-growing suburb located approximately 20 miles north of downtown Houston, in close proximity to George Bush Intercontinental Airport and the major highway systems serving Greater Houston. It has developed into a major residential and commercial hub in North Harris County and benefits from strong infrastructure, suburban housing growth, and business-friendly policies.
Part of the larger Houston MSA, one of the most populous and economically dynamic metropolitan regions in the United States, Humble continues to experience rising demand for both healthcare and convenience retail. The area features a mix of new master-planned communities, industrial developments, logistics hubs, and expanding medical facilities. These drivers create sustained demand for everyday services—including pharmacy needs—making Walgreens’ presence in the area critical and enduring.
Demographics and Demand Drivers
This Walgreens location in Humble is supported by strong and growing demographics:
As the North Houston region continues to attract new families and businesses, the need for pharmacy services, vaccinations, and wellness products grows in parallel. This Walgreens site benefits from daily foot traffic, repeat prescriptions, and healthcare alignment—all key to long-term tenant stability.
Retail Corridor and Site Attributes
The Walgreens property sits on a highly visible retail corridor, surrounded by complementary national and regional retailers, grocery stores, banks, quick-service restaurants, and service tenants. The site features a drive-thru pharmacy window, ample surface parking, and convenient ingress/egress.
Site advantages include:
Properties like this, located in growth corridors with complementary tenancy and long-term residential stability, consistently deliver strong performance and are highly sought-after by STNL investors.
Tenant Credit Strength – Walgreens Boots Alliance
Walgreens Boots Alliance is one of the most creditworthy tenants in the U.S. retail and healthcare sectors. As a publicly traded company with deep market penetration, Walgreens represents one of the safest long-term income sources in the STNL market.
Credit and operational highlights:
Walgreens’ corporate strength, healthcare focus, and recession-resistant services make it an ideal anchor for investors looking to build or enhance a durable, income-producing portfolio.
Investment Highlights
Conclusion
This Walgreens in Humble, Texas offers investors the opportunity to acquire a high-credit, absolute NNN investment in a thriving suburban corridor within one of the nation’s most vibrant metro areas. With a corporate-guaranteed lease, no management obligations, and strategic positioning in a growing residential and commercial submarket, this asset checks every box for long-term stability and cash flow.
Whether you are a 1031 exchange buyer, a passive investor, or an institutional capital allocator seeking credit-backed yield, this Walgreens property provides strong fundamentals, essential-service backing, and low-risk income in a dynamic Sun Belt market.