14115 E Sam Houston Pky N - Drug Store FOR SALE


Houston, TX 77044
$6,762,000 USD
970-690-0454
14115 E Sam Houston Pky N, Houston, TX for Sale
$6,762,000 USD
Drug Store - FOR SALE
1/5
null | 5.25% Cap Rate

14115 E Sam Houston Pky N
Houston, TX 77044


HIGHLIGHTS

  • Corporate CVS lease guaranteed by CVS Health Corporation with approximately 12 years remaining.
  • Absolute net lease structure with tenant responsible for all expenses, including roof, parking, and insurance.
  • Located in a high-traffic corridor with strong co-tenancy from national retailers and restaurants.
  • Favorable assumable debt with a fixed 4.25% interest rate and full amortization through 2038.
  • Positioned in a dense trade area with over 150,000 residents within five miles and strong income levels.
  • Five renewal options of five years each, with scheduled rent increases for long-term income growth.

OVERVIEW

Strong Performing Location, Strong Demos and Favorable Assumable Financing This offering features a single-tenant CVS Pharmacy investment property located on East Sam Houston Parkway in Houston, Texas. The asset is backed by a long-term corporate lease guaranteed by CVS Health Corporation, providing stability and predictable income for investors. The lease commenced in 2007 and runs through January 31, 2038, with approximately 12 years remaining and five additional five-year renewal options. Rent escalations of 5% occur at the start of each renewal period, enhancing long-term cash flow. The property benefits from a strong performing location, ranking in the top 20% of CVS stores nationwide based on store visits. Surrounding demographics are highly favorable, with a population of over 150,000 within a five-mile radius and average household incomes exceeding $124,000. Positioned along a major Houston thoroughfare, the site offers excellent visibility and access to dense retail and residential areas. An assumable loan with a 4.25% fixed interest rate and positive leverage further strengthens the investment appeal, making this property an attractive option for buyers seeking stable returns and long-term growth potential.

FOR SALE DETAILS

PRICE

$6,762,000 USD

PRICE/SF

$524 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

1288890010002

ASK ABOUT THIS PROPERTY

Brad Van HullVan Hull CommercialMore Info
970-690-0454

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Brad Van HullVan Hull CommercialMore Info
970-690-0454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.