601 Loop 274 Rd - Drug Store FOR SALE
Angleton, TX 77515 |
601 Loop 274 Rd
Angleton, TX 77515
HIGHLIGHTS
- 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 fifth largest metropolitan area in the country and one of the fastest growing.
- 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 years before the end of the initial term with 10 additional 5-year extensions.
- The lease has no landlord obligations, making this a very attractive and highly passive investment opportunity.
- Situated on Loop 274 (VPD: 15,305), Angleton’s main retail corridor, the property is extremely visible with three ingress/egress points.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
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
-
LAND SF
-
ZONING
-
APN/PARCEL ID
6435-0014-009
