601 Loop 274 Rd - Drug Store FOR SALE
Angleton, TX 77515 |
601 Loop 274 Rd
Angleton, TX 77515
HIGHLIGHTS
- CVS CORPORATE GUARANTEE As the largest pharmacy chain in the United States, CVS (NYSE: CVS) provides a strong corporate guarantee for this property.
- Angleton is situated in the Houston MSA, the 5th largest metropolitan area in the country and one of the fastest growing.
- INCOME TAX FREE STATE Texas is one of eight states in the United States that has no income tax.
- With a 25-year lease beginning in late 2009, CVS has a remaining +/- 12.5 yrs before the end of the initial term with 10 additional 5-year extensions.
- ABSOLUTE NNN The lease has no landlord obligations, making this a very attractive and highly passive investment opportunity.
- Situated on Loop 274 (VPD: 21,374), Angleton’s main retail corridor, the property is extremely visible.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
12229
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
6435-0014-009
