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CVS Pharmacy-Photo 9410 Fuqua St 14,873 SF Retail Building Houston, TX 77075 $6,261,089 CAD ($420.97 CAD/SF) 6% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM INVESTMENT-GRADE TENANT
- LONG-TERM & LOW-RISK INVESTMENT
- OVERSIZED PARCEL AT SIGNALIZED INTERSECTION
- ABSOLUTE NNN LEASE
- LOCATED IN DENSELY POPULATED AREA
- INCOME TAX-FREE STATE
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a CVS
Pharmacy in Houston, TX. This +/- 14,873 SF CVS was originally constructed in 2015 as a build-to-suit for the pharmaceutical industry leading tenant. CVS has over 15 years remaining of their original 25-year lease term, with an additional ten (10) 5-year option periods.
Pharmacy in Houston, TX. This +/- 14,873 SF CVS was originally constructed in 2015 as a build-to-suit for the pharmaceutical industry leading tenant. CVS has over 15 years remaining of their original 25-year lease term, with an additional ten (10) 5-year option periods.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
14,873 SF
Building Class
B
Year Built
2015
Price
$6,261,089 CAD
Price Per SF
$420.97 CAD
Cap Rate
6%
NOI
$375,665 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.13 AC
Zoning
N/A - N/a
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1144200010044 | Improvements Assessment | $3,006,497 CAD |
| Land Assessment | $1,800,964 CAD | Total Assessment | $4,807,462 CAD |
Property Taxes
Parcel Number
1144200010044
Land Assessment
$1,800,964 CAD
Improvements Assessment
$3,006,497 CAD
Total Assessment
$4,807,462 CAD
Contacts
-
Zack Hilgendorf -
Justin Smith -
Nick Hilgendorf -
David Hoppe -
Chris Peterson -
Sam Koonce -
Matt Ericson -
Kendra Doherty -
Atlantic Capital Partners
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CVS Pharmacy-Photo | 9410 Fuqua St
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