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CVS Pharmacy 31013 FM 2920 Rd

75,602 SF Retail Building Waller, TX 77484 £3,208,045 (£42/SF) 6.57% Net Initial Yield

Investment 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.
  • 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.
  • Passive Ownership: CVS is operating on a NNN lease, with no landlord responsibilities, offering a passive income stream.
  • Long Operating History: CVS has been operating at this location for nearly 20 years, with an additional 20 years of option periods.
  • Income Tax Free State: Texas is one of nine states with no state income tax.

Executive Summary

Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
75,602 SF
Building Class
B
Year Built
2005
Price
£3,208,045
Price Per SF
£42
Net Initial Yield
6.57%
NOI
£210,651
Tenancy
Single
Number of Floors
1
Building FAR
0.58
Lot Size
3.00 AC
Parking
49 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
155 ft on Fm-2920 Rd

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Drive Thru

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0451510000258
  • 1254140010001
 Improvements Assessment £2,110,099
Land Assessment £1,437,205 Total Assessment £3,547,304

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0451510000258
  • 1254140010001
Land Assessment
£1,437,205
Improvements Assessment
£2,110,099
Total Assessment
£3,547,304
(949) 777-5984

Contact

  • Listing ID: 33846100

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 31013 FM 2920 Rd, Waller, TX 77484

The Retail Property at 31013 FM 2920 Rd, Waller, TX 77484 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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31013 FM 2920 Rd, Waller, TX for sale Building Photo- Image 1 of 4
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31013 FM 2920 Rd, Waller, TX for sale Building Photo- Image 2 of 4
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CVS Pharmacy | 31013 FM 2920 Rd
(949) 777-5984 x

CVS Pharmacy | 31013 FM 2920 Rd

Brandon Perez

(949) 777-5984

(949) 777-5984

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