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Texas CVS | No Rent Holiday | Absolute NNN 725 E Main St 11,945 SF Retail Building Henderson, TX 75652 $5,692,512 CAD ($476.56 CAD/SF) 7% Cap Rate
Investment Highlights
- This CVS lease has no rent holiday featured and has over 8 years of guaranteed rent before the next option.
- The property is on an Absolute NNN lease with CVS responsible for all of the building and property expenses.
- 2 miles of UT Health Henderson, UT Health Urgent Care, and CHRISTUS Emergency Center (Brand new $14 million facility).
- The property is situated at the corner of E Main St. and US-79 (±30,356 VPD Combined) on a 1.40 acre parcel.
- This is the only CVS location for over 17 miles.
Executive Summary
Listed in conjunction with Brian Brockman, Bang Realty - Texas, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
C
Year Built
2008
Price
$5,692,512 CAD
Price Per SF
$476.56 CAD
Cap Rate
7%
NOI
$398,476 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.40 AC
Zoning
Commercial
Parking
72 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
265’ on N US-79
Nearby Major Retailers
Property Taxes
| Parcel Number | 28257 | Improvements Assessment | $739,095 CAD |
| Land Assessment | $340,735 CAD | Total Assessment | $1,079,830 CAD |
Property Taxes
Parcel Number
28257
Land Assessment
$340,735 CAD
Improvements Assessment
$739,095 CAD
Total Assessment
$1,079,830 CAD
(619) 297-0055
x305
Contacts
-
Chris Barry -
Jason Pongsrikul -
Pharma Property Group- Drugstore Specialists
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Texas CVS | No Rent Holiday | Absolute NNN | 725 E Main St
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