12381 W Bellfort St - Drug Store FOR SALE


Meadows Place, TX 77477
$3,249,489 USD
847-562-9280
12381 W Bellfort St, Meadows Place, TX for Sale
$3,249,489 USD
Drug Store - FOR SALE
1/5
null | 7.75% Cap Rate

12381 W Bellfort St
Meadows Place, TX 77477


HIGHLIGHTS

  • Positioned within the Houston MSA – Ranked #5 in the United States for population size
  • Texas is a tax-free state
  • CVS is an investment grade rated tenant (S&P: BBB)
  • NNN lease – No landlord responsibilities
  • Corporate CVS guaranty
  • Operating history since 2005

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located within the Houston MSA in Meadows Place, Texas. The lease runs through January 2031 which leaves over 5 years remaining on the primary term. CVS has been successfully operating at this location since 2005, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities and has ten 5-year renewal options attached. The lease also features a corporate guaranty and is located in the income tax-free state of Texas. The 13,008 square-foot building is located along West Belfort Boulevard which is a primary thoroughfare that experiences 33,357 vehicles per day. The subject property is positioned in a dense residential area that borders Sugarland Business Park to the south and a well-tenanted retail corridor to the southeast. Notable tenants occupying the retail corridor include Sam’s Club, Walmart Supercenter, Chase Bank, Starbucks, Chick-Fil-A, Lazy Dog, O’Reilly Auto Parts Chipotle, AMC Theaters, and several others. There are 407,499 people living within five miles of the property that earn an average household income of $81,694. The CVS location also benefits from its proximity to Interstate 69 (282,000 VPD) and Sam Houston Tollway (125,351 VPD). CVS Pharmacy is the nation’s largest drugstore chain and total prescription revenue and operates 9,900+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is a publicly traded company on the New York Stock Exchange (Symbol: CVS) with a market capitalization in excess of $97.9 billion. CVS is one of the largest corporations in the nation, ranking #4 on the Fortune 500.

FOR SALE DETAILS

PRICE

$3,249,489 USD

PRICE/SF

$250 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,753 SF

ZONING

XQ

APN/PARCEL ID

0101-00-000-1600-907

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.