2711 7th St - Drug Store FOR SALE


Bay City, TX 77414
$4,424,703 USD
2711 7th St, Bay City, TX for Sale
$4,424,703 USD
Drug Store - FOR SALE
1/1
null | 9.58% Cap Rate

2711 7th St
Bay City, TX 77414


HIGHLIGHTS

  • Long-Term Lease Offering Strong Investor Yield
  • Prime Retail Location with Strong Traffic, National Co-Tenancy & Exceptional Access
  • Major Economic Drivers Anchoring Local Growth
  • Stable Demographics with Rising Incomes
  • Adjacent to Regional Medical Hub
  • Strategic Location Within Houston-The Woodlands CSA and High-Performing Retail Submarket

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the CVS Pharmacy located in Bay City, Texas (“The Property”). The Property consists of a 13,410-square-foot freestanding retail building on a 2.07-acre parcel of land. CVS operates under an absolute NNN lease with approximately 10 years of lease term remaining. The Property is positioned along 7th Street, Bay City’s main commercial corridor, with more than 21,700 vehicles per day. It features five ingress/egress points— an uncommon advantage for a single-tenant asset—and sits near top national retailers including Walmart Supercenter, H-E-B, and Ace Hardware, driving strong retail traffic.

FOR SALE DETAILS

PRICE

$4,424,703 USD

PRICE/SF

$330 USD /SF

CAP RATE

9.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,000 SF

ZONING

-

APN/PARCEL ID

46916

ASK ABOUT THIS PROPERTY

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