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CVS Pharmacy 6900 Grand Mission Blvd 12,900 SF Retail Building Richmond, TX 77407 $7,843,646 CAD ($608.03 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely High - Growth Trade Area
- Strong Income Profile
- Dense Residential Surroundings
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 6900 Grand Mission Boulevard, Richmond, TX 77407. The site consists of roughly 12,900 rentable square feet of building space on an estimated 1.71 - acre parcel of land. CVS Pharmacy is subject to an Original 25 - year Triple Ne t (NNN) lease. The current annual rent is $356,040 and has scheduled increases of 5.00% in Option.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2008
Price
$7,843,646 CAD
Price Per SF
$608.03 CAD
Cap Rate
6.25%
NOI
$490,228 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.71 AC
Zoning
None
Frontage
119’ on Grand Mission Blvd
PROPERTY TAXES
| Parcel Number | 0451-00-000-0102-901 | Improvements Assessment | $3,110,595 CAD |
| Land Assessment | $1,073,484 CAD | Total Assessment | $4,184,079 CAD |
PROPERTY TAXES
Parcel Number
0451-00-000-0102-901
Land Assessment
$1,073,484 CAD
Improvements Assessment
$3,110,595 CAD
Total Assessment
$4,184,079 CAD
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CVS Pharmacy | 6900 Grand Mission Blvd
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