31013 FM 2920 Rd - Drug Store FOR SALE
Waller, TX 77484 |
$4,100,000 USD
949-777-5984
31013 FM 2920 Rd
Waller, TX 77484
HIGHLIGHTS
- Investment Grade Credit: Lease is guaranteed by CVS (NYSE: CVS), with a market cap of $94 billion and over 9,000 stores across the country.
- Long Operating History: CVS has been operating at this location for nearly 20 years, with an additional 20 years of option periods.
- This is the only national drugstore in town. The next closest CVS property is located over 12 miles away and closest Walgreens over 13 miles away.
- Income Tax Free State: Texas is one of nine states with no state income tax.
- Passive Ownership: CVS is operating on a NNN lease, with no landlord responsibilities, offering a passive income stream.
FOR SALE DETAILS
PRICE
$4,100,000 USD
PRICE/SF
$297 USD /SF
CAP RATE
6.57%
% 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
2005
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
3 AC
LAND SF
130,680 SF
ZONING
-
APN/PARCEL ID
0451510000258,1254140010001
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949-777-5984
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949-777-5984
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