29015 FM 2978 Rd
Magnolia, TX 77354
CVS Pharmacy · Retail Property For Sale

Cushman and Wakefield is pleased to present a 14,857± square foot freestanding CVS Pharmacy retail store with drive-thru pharmacy located in Magnolia, Texas (High Income North Houston Suburb) leased until January 31, 2044, with 18 years of primary term remaining.
The CVS property is strategically located in a new construction retail development on the high traffic corridor of FM 2978 (31,295 VPD) at the western entrance of The Woodlands – an extremely affluent and dynamic mixed-use residential and commercial master planned community with average household income of $183,000. Other tenants in the center include AutoZone, Sonic, Mister Car Wash, Public Storage, and a two acre parcel currently in negotiations with a future automotive user and a proposed QSR tenant. The Woodlands is home to corporate headquarters, golf courses, high-income residential neighborhoods, top-ranked schools and more than 2,600 companies including Howard Hughes, Huntsman Corporation, Oxy, Chevron Phillips Chemical Company, McKesson, and Waste Connections US, Inc., to name a few. FM 2978 runs along the western edge of the Woodlands and intersects FM 1488 to the north, and to south it connects with State Highway 99 (The Grand Parkway) that circumnavigates the Houston MSA. Nearby retail tenants along FM 2978 include Walmart Supercenter, Starbucks, Subway, Whataburger, Chase Bank, Wells Fargo, and other national tenants. Surrounding demographics are outstanding with average household income over $190,900 and population over 112,300 within 5 miles.