16515 Lexington Blvd - Drug Store FOR SALE
Sugar Land, TX 77479 |
16515 Lexington Blvd
Sugar Land, TX 77479
HIGHLIGHTS
- EARLY LEASE EXTENSION + CVS executed a 15-year early lease extension, showcasing the strong performance of the store.
- STRATEGIC RETAIL POSITIONING + Located in the retail heart of Sugar Land, TX, directly across the street from the First Colony Mall as well as the H
- HEALTH HUB/MINUTE CLINIC + This location is part of the new Health-Hub model that CVS is tolling out after their acquisition of Aetna, making this sit
- BRAND NEW ROOF, 20 YEAR WARRANTY + The roof has been replaced in 2022 with a 20-year warranty, making this asset virtually a NNN lease.
- AFFLUENT SURROUNDING DEMO’S + Average household income of $123,369 in a 1 mile and $137,989 in a 5-mile radius.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
13813
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0097-00-000-0941-907
