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.