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31013 FM 2920 Rd
Waller, TX 77484

$4,100,000 USD

Drugstore For Sale  •  13,813 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 75,602 SF
  • Lot Size 3 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.57 %
  • Tenancy Single
0 Transit Score
38 Walk Score

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.
Cap Rate: 6.57 %

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 49
Type: Surface
Included in Rent: Yes
Brandon Perez 949-777-5984 Matthews Real Estate Investment Services
Brandon Perez 949-777-5984 Matthews Real Estate Investment Services