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CVS Pharmacy 31013 FM 2920 Rd

75,602 SF Retail Building Waller, TX 77484 $5,811,627 CAD ($77 CAD/SF) 6.57% Cap Rate

Investment Highlights

  • Investment Grade Credit: Lease is guaranteed by CVS (NYSE: CVS), with a market cap of $94 billion and over 9,000 stores across the country.
  • This is the only national drugstore in town. The next closest CVS property is located over 12 miles away and closest Walgreens over 13 miles away.
  • Passive Ownership: CVS is operating on a NNN lease, with no landlord responsibilities, offering a passive income stream.
  • Long Operating History: CVS has been operating at this location for nearly 20 years, with an additional 20 years of option periods.
  • Income Tax Free State: Texas is one of nine states with no state income tax.

Executive Summary

Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
75,602 SF
Building Class
B
Year Built
2005
Price
$5,811,627 CAD
Price Per SF
$77 CAD
Cap Rate
6.57%
NOI
$381,611 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.58
Lot Size
3.00 AC
Parking
49 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
155 ft on Fm-2920 Rd

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0451510000258
  • 1254140010001
Land Assessment
$2,557,176 CAD
Improvements Assessment
$3,754,437 CAD
Total Assessment
$6,311,613 CAD
  • Listing ID: 33846100

  • Date on Market: 2024-11-12

  • Last Updated:

  • Address: 31013 FM 2920 Rd, Waller, TX 77484

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