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| Walgreens-Leased Building, 1180 Clear Lake City Boulevard, Clear Lake, TX Photo by Mabry Campbell |
HOUSTON, TX –– HFF announces the sale of a
13,905-square-foot single-tenant retail building net leased to Walgreens in the
suburban Houston community of Clear Lake, Texas.
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| Ryan West |
The HFF team marketed the property for the
seller, Lister Property Company. The Chiang Family Trust purchased the asset.
Walgreens has occupied the property since 1998
and has more than nine years remaining on its net lease after a recent renewal
last year.
Situated on 1.9 acres at 1180 Clear Lake City Boulevard, the
freestanding building is in Clear Lake, one of Houston’s premier suburbs that
is approximately 20 miles southeast of downtown Houston.
The property is
one mile from Interstate 45, which welcomes 193,000 vehicles per day.
More than 70,000 residents earning an average annual household income of
$105,000 live within a three-mile radius of the Walgreens.
HFF’s investment advisory team representing the
seller included senior managing director Ryan West and analyst Charles
Strauss.
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| Charles Strauss |
"We continue to see buyer pools increase, especially for
properties such as this that are supported by a best-in-class tenant in one of
Houston’s most sought-after suburbs.”
Holliday GP Corp. ("HFF") is a Texas
licensed real estate broker.
CONTACTS:
RYAN WEST
TX Lic. #478560
HFF Senior Managing Director
(713) 852-3500
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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