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1231 W Main St 11,945 SF Retail Building Gun Barrel City, TX 75156 $5,747,536 CAD ($481.17 CAD/SF) 6% Cap Rate
Executive Summary
Absolute NNN, Prime CVS Investment Opportunity near Cedar Creek Lake, a premium lake near Dallas Fort Worth with strong demographic growth. Assumable debt in-place.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
B
Year Built
2008
Price
$5,747,536 CAD
Price Per SF
$481.17 CAD
Cap Rate
6%
NOI
$344,852 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.46 AC
Zoning
F1
Parking
50 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
160’ on Main St
Amenities
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2034
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2034 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,260,513 CAD | |
| Land Assessment | $957,211 CAD | Total Assessment | $2,217,724 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$957,211 CAD
Improvements Assessment
$1,260,513 CAD
Total Assessment
$2,217,724 CAD
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1231 W Main St
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