Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

919 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

CVS | 7yrs Remain Corp Abs NNN | DrThru 4101 Fairmont Pky

14,352 SF Retail Building Pasadena, TX 77504 $6,224,726 CAD ($434 CAD/SF) 7.25% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Approximately 7 Years Remaining | Top 15% in Sales | Investment Grade Tenant | 5M Daily Customers Chain Wide | Top 15% in Sales
Signalized, Hard Corner Intersection | Heavily Traveled Trade Area | HCA Houston Healthcare Southeast (350 Beds)
Strong Demographics in 5-Mile Trade Area | Houston MSA

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
Strong National/Credit Tenants | Dense Retail Corridor | Fairway Centre | Nearby Apartment Complexes

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS investment property located in Pasadena, Texas. The tenant has approximately 7 years remaining with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor within an income tax free state. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks Grocery Stores. The site’s performance ranks among the top 15% of CVS stores nationwide - contact agent for further details.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,352 SF

Building Class

Year Built

2005

Price

$6,224,726 CAD

Price Per SF

$434 CAD

Cap Rate

7.25%

NOI

$451,250 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Land Acres

2.08 AC

Zoning

General Commercial

Parking

5.64 Spaces per 1,000 SF Leased

Amenities

Corner Lot

Signage

Signalized Intersection

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.