701 S 17th St - Drug Store FOR SALE
West Columbia, TX 77486 |
$2,804,999 USD
714-336-4737
701 S 17th St
West Columbia, TX 77486
HIGHLIGHTS
- Established National Credit Tenant | CVS Pharmacy is one of the largest pharmacy chains in the U.S., operating over 9,000 retail locations nationwide.
- Long-Term NNN Lease Structure | The asset is secured by a long-term Triple Net (NNN) lease with minimal landlord responsibilities
- High-Return Investment Opportunity | With an attractive 9.00% cap rate and an annual rent of $252,450
OVERVIEW
Surmount is pleased to present the Broker Opinion of Value for a CVS Pharmacy located at 701 South 17th St, West Columbia, TX 77486. The site consists of roughly 11,945 rentable square feet of building space on an estimated 1.86-acre parcel of land. This CVS Pharmacy is subject to a 39692-year Triple Net (NNN) lease, which commenced 9/5/2008. The current annual rent is $252,450 and has scheduled increases of in options.
FOR SALE DETAILS
PRICE
$2,804,999 USD
PRICE/SF
$235 USD /SF
CAP RATE
9%
% 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
2007
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
1.86 AC
LAND SF
81,022 SF
ZONING
0022
APN/PARCEL ID
6292-0040-110
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714-336-4737
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714-336-4737
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