|Current / Passing Rent||
|Remaining Term||12 years, 4 months|
|Lot Size||1.4 ACRES|
JLL is pleased to exclusively offer a premier investment opportunity to acquire the fee simple interest in a single-tenant property (the “Property” or the “Asset”) leased to Walgreen Co. (the “Tenant“) in Clute, TX. The Property is situated at the lighted intersection of Plantation Drive and Dixie Drive that sees over 30,000 VPD. The Property is located in a busy Clute location with immediate proximity to the Nolan Ryan Expressway, Brazoswood High School and numerous nationwide tenants. Walgreens, an investment grade tenant (BBB/Stable (S&P)); has occupied the property since 1973, with extension options available until 2067.
- Strong operating history from the tenant dating back to 1973
- Proximate to the Nolan Ryan Expressway in dense retail hub
- AHHI within a 5-mile radius is over $90,000 and expected to grow to over $100,000 over the next 5 years
- Investment-grade tenancy (S&P: BBB/Stable)