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Drug Store

Former CVS Pharmacy

22560 Aldine Westfield Rd, Spring, TX 77373

Listing Price: $2,750,000

Tenant Name
CVS Pharmacy
Gross SF
11,200
Guarantor
No Guarantee
Rentable SF
11,200
Price/Gross SF
$245.54
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the former CVS Pharmacy located at 22560 Aldine Westfield Rd, in Spring, TX, 77373. This 11,200 SF vacant pharmacy property was built in 1997, is situated on 1.44 AC, and boasts 54 parking spaces. The property features a drive-thru, monument signage, and is situated on the hard corner of Aldine Westfield Rd (24,675 VPD) and Hirschfield Rd (6,874 VPD). The property includes access points off both streets as well. The asset is located 8.7 from IAH (Bush International) and 23.6mi from Downtown Houston.

As part of the Houston MSA, Spring is located north of Houston and enjoys being part of the largest HQ Hub for energy in the country. The Houston MSA is the 5th largest MSA in the country and sports a 26.3% share of the energy sector in the United States. The immediate area includes retailers such as Dollar Tree, Marco's Pizza, Wells Fargo (ATM), Food Town, Discount Tire, Circle K, etc. Nearby demographics are solid - a 18.8 percent population increase was recorded from 2010-2022 with an average household income of $81,253, both within 3 miles of the subject property.

This offering would be an excellent opportunity for an owner/user to take advantage of the existing improvements or a developer to scrape the site and re-develop into several potential uses, such as retail, medical, automotive, C-Store, etc. Both benefit from a signalized intersection, no zoning, and great location.

Investment Highlights

  • Excellent Redevelopment Opportunity for Owner/User or Developer
  • Hard Corner, Signalized Intersection of Aldine Westfield Rd (24,675 VPD) and Hirschfield Rd (6,874 VPD)
  • Strong Nearby Demographics - a 18.8 Percent Population Increase was Recorded from 2010-2022 with an AHHI of $81,253 (3mi radius)

Exclusively Listed By

Drug Store

Former CVS Pharmacy

Listing Price: $2,750,000

Tenant Name
CVS Pharmacy
Gross SF
11,200
Guarantor
No Guarantee
Rentable SF
11,200
Price/Gross SF
$245.54
Lease Type
Triple Net (NNN)

Investment Highlights

  • Excellent Redevelopment Opportunity for Owner/User or Developer
  • Hard Corner, Signalized Intersection of Aldine Westfield Rd (24,675 VPD) and Hirschfield Rd (6,874 VPD)
  • Strong Nearby Demographics - a 18.8 Percent Population Increase was Recorded from 2010-2022 with an AHHI of $81,253 (3mi radius)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the former CVS Pharmacy located at 22560 Aldine Westfield Rd, in Spring, TX, 77373. This 11,200 SF vacant pharmacy property was built in 1997, is situated on 1.44 AC, and boasts 54 parking spaces. The property features a drive-thru, monument signage, and is situated on the hard corner of Aldine Westfield Rd (24,675 VPD) and Hirschfield Rd (6,874 VPD). The property includes access points off both streets as well. The asset is located 8.7 from IAH (Bush International) and 23.6mi from Downtown Houston. As part of the Houston MSA, Spring is located north of Houston and enjoys being part of the largest HQ Hub for energy in the country. The Houston MSA is the 5th largest MSA in the country and sports a 26.3% share of the energy sector in the United States. The immediate area includes retailers such as Dollar Tree, Marco's Pizza, Wells Fargo (ATM), Food Town, Discount Tire, Circle K, etc. Nearby demographics are solid - a 18.8 percent population increase was recorded from 2010-2022 with an average household income of $81,253, both within 3 miles of the subject property. This offering would be an excellent opportunity for an owner/user to take advantage of the existing improvements or a developer to scrape the site and re-develop into several potential uses, such as retail, medical, automotive, C-Store, etc. Both benefit from a signalized intersection, no zoning, and great location.

Exclusively Listed By

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