4101 Fairmont Pky - Drug Store FOR SALE


Pasadena, TX 77504- Southeast Houston
$4,426,000 USD
949-547-2213
4101 Fairmont Pky, Pasadena, TX for Sale
$4,426,000 USD
Drug Store - FOR SALE
1/8
null | 7.25% Cap Rate

4101 Fairmont Pky
Pasadena, TX 77504
Southeast Houston


HIGHLIGHTS

  • Approximately 7 Years Remaining | Top 15% in Sales | Investment Grade Tenant | 5M Daily Customers Chain Wide | Top 15% in Sales
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Signalized, Hard Corner Intersection | Heavily Traveled Trade Area | HCA Houston Healthcare Southeast (350 Beds)
  • Strong National/Credit Tenants | Dense Retail Corridor | Fairway Centre | Nearby Apartment Complexes
  • Strong Demographics in 5-Mile Trade Area | Houston MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS investment property located in Pasadena, Texas. The tenant has approximately 7 years remaining with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor within an income tax free state. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks Grocery Stores. The site’s performance ranks among the top 15% of CVS stores nationwide - contact agent for further details.

FOR SALE DETAILS

PRICE

$4,426,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 7yrs Remain Corp Abs NNN | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

General Commercial

APN/PARCEL ID

1265880010001

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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