Skip to main content

Drug Store

CVS/pharmacy | No Rent Holiday

701 South 17th Street, West Columbia, TX 77486

Listing Price: $3,740,000

Cap Rate
6.75%
Tenant Name
CVS
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
11,945
Lease Type
Absolute Net
Rent Per Square Feet
$21.13

Investment Overview

Well-established single tenant drugstore with 18-years of operational history operating under an absolute NNN lease with over 7-years remaining. Corporately Guaranteed lease from CVS (NYSE: CVS), which carries and investment grade credit rating of "BBB" from S&P.

Investment Highlights

  • Absolute NNN Lease with over 7-Years of Primary Term Remaining
  • Corporately Guaranteed Lease | CVS Health Corporation (S&P: "BBB")
  • 4-Way Signalized Corner | Equipped with Drive-Through Pharmacy Lane
  • West Columbia, TX is part of the Houston-Pasadena-The Woodlands MSA

Exclusively Listed By

  • Jason Hernandez

    Senior Managing Director Investments

    (615) 997-2834

    Email Jason

    License(s): CA: 01392646, TN: 377081

    Nashville

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Drug Store

CVS/pharmacy | No Rent Holiday

Listing Price: $3,740,000

Cap Rate
6.75%
Tenant Name
CVS
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
11,945
Lease Type
Absolute Net
Rent Per Square Feet
$21.13

Investment Highlights

  • Absolute NNN Lease with over 7-Years of Primary Term Remaining
  • Corporately Guaranteed Lease | CVS Health Corporation (S&P: "BBB")
  • 4-Way Signalized Corner | Equipped with Drive-Through Pharmacy Lane
  • West Columbia, TX is part of the Houston-Pasadena-The Woodlands MSA

Investment Overview

Well-established single tenant drugstore with 18-years of operational history operating under an absolute NNN lease with over 7-years remaining. Corporately Guaranteed lease from CVS (NYSE: CVS), which carries and investment grade credit rating of "BBB" from S&P.

Exclusively Listed By

  • Jason Hernandez

    Senior Managing Director Investments

    (615) 997-2834

    Email Jason

    License(s): CA: 01392646, TN: 377081

    Nashville

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower