Walgreens - Baytown, TX_Property for Sale
Walgreens - Baytown, TX_Property for Sale
3920 Garth Rd, Baytown, TX, 77521, US

Walgreens - Baytown, TX

Asset Description

Jones Lang LaSalle Americas, Inc.(“JLL”) is pleased to offer for sale a single tenant Walgreens (the “Property” or “Asset”) offering in Baytown, TX. The Asset is strategically situated adjacent to Houston Methodist Baytown Hospital, a state-of-the-art medical facility that recently completed a $250 million expansion. Prominent retailers also surround the Asset including Lowe’s, Target, Home Depot and Walmart Supercenter which ranks in 84thpercentile of most visited Walmart’s in the nation, per Placer.ai. The surrounding 1-mile area has seen an unprecedented 48% population increase since 2010, making it a top growth region in the state of Texas.

This Walgreens generates strong annual sales of $4.9 million (RX excluded). The Asset features a drive-thru lane and a LabCorp facility, the premiere outpatient clinical and testing provider.

Due to its success at this location, Walgreens will execute a 15-year Absolute NNN lease with contractual increases and (12) 5-year renewal options upon closing of escrow. This Asset provides an opportunity to acquire a long-term cash flow guaranteed by Walgreens Corporate with zero landlord responsibilities.



Asking Price
Building area Gross
1,380 m²
Year built
Cap Rate


Investment Highlights

  • This Walgreens features a LabCorp testing site and generates $4.9 million in annual revenues (RX sales excluded)
  • Multiple shopping centers, apartment complexes, hospitals, distribution centers, businesses, schools, universities, and Exxon’s Oil Refinery plant within a 3-mile radius
  • The surrounding 1-mile area has seen a 48% population growth since 2010
  • Brand-new 15-year Absolute NNN lease with periodic rent increases and Twelve (12) renewal options
Walgreens - Baytown, TX 4_Property for Sale

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Walgreens - Baytown, TX (0 Properties)

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Last updated
10 Apr 2023