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.