The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Mexia, Texas. The
lease runs through January 2036 which leaves over 12 years remaining on the primary term. CVS has been successfully operating at
this location since 2010, 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 13,329 square-foot building is located along Mexia’s primary thoroughfare known as Milam Street which experiences over 12,073
vehicles per day. The subject CVS location has very limited competition in the area with the nearest Walgreens found over 40
miles west. Nationally recognized retailers occupying the corridor include Walmart Supercenter, H-E-B, Tractor Supply Company,
Starbucks, Ace Hardware, McDonald’s, Chevrolet, O’Reilly Auto Parts, and many others. The average household income within a
five-mile radius is $68,513.
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.