Drug Store

CVS Pharmacy w/ Rare Increases | Houston MSA | 20 Year Absolute Net Ground Lease | Relocation Site

4420 Kingwood Dr, Humble (Houston MSA), TX 77339

Listing Price: $6,555,556

Cap Rate
4.50%
Tenant Name
CVS
Years Remaining On Lease
20.30
Gross SF
13,187
Guarantor
Corporate Guarantee
Rentable SF
13,187
Price/Gross SF
$497.12
Lease Type
NNN Ground Lease
Rent Per Square Feet
$22.37

Investment Overview

Kingwood is a city located in Harris County, Texas, within the Houston metropolitan area. The community is the largest master-planned community in Harris County. Houston is the most populous city in Texas and the fourth-most populous city in the United States, located in Southeast Texas near the Gulf of Mexico. The city is also the most diverse city in Texas and is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year. Houston is recognized worldwide for its energy industry, particularly for oil and natural gas. Renewable energy sources, including wind and solar, are also growing economic bases in the city.

Investment Highlights

  • 20 Year Abs. Net Ground Lease Featuring a 10% Rental Increase at Year 11 and at Each Option. This Location is a Relocation Site from Across the Street Demonstrating a Strong Commitment to the Area.
  • Positioned Along Area's Major Retail and Traffic Corridor: Features Easy Access & Excellent Visibility at a Signalized Hard Corner to Combined Daily Traffic Counts Exceeding 61k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $124k+ within a 3-Mile Radius and 144k+ People Residing within a 5-Mile Radius.
  • CVS Acquired Aetna for $70 Billion. Aetna Inc. is one of the Nation's Leading Diversified Health Care Benefits Companies with a Network that Stretches Across the Country / Globe. Pro Forma CVS / Aetna Combined Annual Revenue is $221 Billion.
  • Parent Company is Currently Ranked #7 on the Fortune 500. The CVS/Aetna Merger Potentially Created a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P Investment Grade Credit Rating of "BBB" for the Parent Company.
  • Features a Drive-Thru Pharmacy. The Site is Located in one of the Largest and most Established Master Planned Communities in Houston. Near Numerous National Retailers including H-E-B, Randalls, Walgreens, OrangeTheory, Starbucks and many more.

Exclusively Listed By

Drug Store

CVS Pharmacy w/ Rare Increases | Houston MSA | 20 Year Absolute Net Ground Lease | Relocation Site

Listing Price: $6,555,556

Cap Rate
4.50%
Tenant Name
CVS
Years Remaining On Lease
20.30
Gross SF
13,187
Guarantor
Corporate Guarantee
Rentable SF
13,187
Price/Gross SF
$497.12
Lease Type
NNN Ground Lease
Rent Per Square Feet
$22.37

Investment Highlights

  • 20 Year Abs. Net Ground Lease Featuring a 10% Rental Increase at Year 11 and at Each Option. This Location is a Relocation Site from Across the Street Demonstrating a Strong Commitment to the Area.
  • Positioned Along Area's Major Retail and Traffic Corridor: Features Easy Access & Excellent Visibility at a Signalized Hard Corner to Combined Daily Traffic Counts Exceeding 61k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $124k+ within a 3-Mile Radius and 144k+ People Residing within a 5-Mile Radius.
  • CVS Acquired Aetna for $70 Billion. Aetna Inc. is one of the Nation's Leading Diversified Health Care Benefits Companies with a Network that Stretches Across the Country / Globe. Pro Forma CVS / Aetna Combined Annual Revenue is $221 Billion.
  • Parent Company is Currently Ranked #7 on the Fortune 500. The CVS/Aetna Merger Potentially Created a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P Investment Grade Credit Rating of "BBB" for the Parent Company.
  • Features a Drive-Thru Pharmacy. The Site is Located in one of the Largest and most Established Master Planned Communities in Houston. Near Numerous National Retailers including H-E-B, Randalls, Walgreens, OrangeTheory, Starbucks and many more.

Investment Overview

Kingwood is a city located in Harris County, Texas, within the Houston metropolitan area. The community is the largest master-planned community in Harris County. Houston is the most populous city in Texas and the fourth-most populous city in the United States, located in Southeast Texas near the Gulf of Mexico. The city is also the most diverse city in Texas and is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year. Houston is recognized worldwide for its energy industry, particularly for oil and natural gas. Renewable energy sources, including wind and solar, are also growing economic bases in the city.

Exclusively Listed By

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