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| Documents |
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| Property Description |
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Stan Johnson Company is pleased to offer for sale to qualified investors an attractive absolute net lease property. CVS Caremark Corporation operates retail pharmacy and pharmacy benefit management businesses in the United States. As of December 29, 2007, the company operated 6,245 retail drugstores in 40 states and the District of Columbia, 462 retail healthcare clinics in 25 states, 56 retail specialty pharmacy stores, 20 specialty mail order pharmacies, and 9 mail service pharmacies in 26 states and the District of Columbia.
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| Location Description |
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West Columbia is a historic city located in Brazoria County and within the greater Houston metropolitan area.
The subject property is located at the intersection of State Highways 35 & 36. Both of these thoroughfares connect the property to the Houston metropolitan area.
A Wal-Mart anchored retail center is located approximately 1 mile from the subject property on Highway 36. |
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| | CVS Pharmacy
701 S. 17th St.
West Columbia,
TX
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General Info | | Property Type
Retail
Price
$3,280,000
Segment Type
Drug
Building Size
11,945 sqft
Land Area
1.85 Acres
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Remaining Term
24 years
Current NOI
$252,450
Status
Available
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| Highlights |
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7.70% Cap Rate
- Strong Investment Grade Credit, with S&P BBB+ rating and stable outlook
- New 25 Year Lease and ten renewal options at 5 years each with rental increases
- Absolute Net Lease - no landlord responsibilities whatsoever
- Annual Rent of $252,450
- 11,945 SF building located on 1.86 acres
- The property is located approximately 45 miles south of the Houston CBD, at the intersection of State Highways 35 & 36
- 1.25% Commission to Buyer's Broker
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