Historical Retail Sale Listing - CVS Leasehold, Paydown Readvance, "PRICED TO SELL"

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Houston, TX or Texas

CVS Leasehold, Paydown Readvance, "PRICED TO SELL"

3401 Tidewell Road, Houston, TX 77093

N/A

12,900 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
12,900 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
9.07%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2009
Lot Size:
1.63 SF
Listing ID
18690311
Last Updated
73 days ago

Description

CVS "Zero Cash Flow" Leasehold with " pay down re-advance feature". Lease term 1-2009 through 1-2033 with Six (6) Five (5) year options. Debt assumption 1st lein $2,559,587 + 467 debt component of $159,189. Cash required $370,000 or 13.6% over combined debt balances. Texas is a tax free state. (see attached brochure)

SEE ATTACHED BROCHURE FOR ADDITIONAL INFORMATION

This store was built new in 2009 to replaced an older Eckerd Store store next door said store which was opened in 1979 and torn down upon compleation of construction. There has been a drug store on this site for 35 years and it is evident CVS is committed to the location. Situated in a Houston Suburb, immediately adjacent to the Eastex Freeway on/off ramps, this property has unparalled visibility and traffic flow.

Map of 3401 Tidewell Road, Houston, TX 77093 (Harris County)

Research for 3401 Tidewell Road, Houston, TX 77093 (Harris County)

  • Demographics – Population, income & other demographics near 3401 Tidewell Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

4 Photos
HB Japanese Steak & Sus...
HB Japanese Steak & Sus...
  • Houston, TX
  • $2,750,000
  • 9,660 SF Bldg
Family Dollar - Houston... Family Dollar - Houston...
  • Houston, TX
  • $1,890,984
  • 10,000 SF Bldg
5 Photos
Bellfort Retail Center
Bellfort Retail Center
  • Houston, TX
  • $2,480,000
  • 11,242 SF GLA
3 Photos
CVS Corporate Guarantee...
CVS Corporate Guarantee...
  • Houston, TX
  • $4,705,000
  • 10,908 SF Bldg
22 Photos
Conv. Store
Conv. Store
  • Houston, TX
  • $510,000
  • 10,000 SF Bldg
3 Photos
South Gessner Plaza
South Gessner Plaza
  • Houston, TX
  • $1,700,000
  • 13,140 SF GLA
2 Photos
3815 Garrott & 410 Sul ...
3815 Garrott & 410 Sul ...
  • Houston, TX
  • Price Not Disclosed
  • 12,656 SF Bldg
13 Photos
Fabulous Stone New  Ret...
Fabulous Stone New Ret...
  • Houston, TX
  • Price Not Disclosed
  • 13,805 SF GLA
2 Photos
Advance Auto Parts
Advance Auto Parts
  • Houston, TX
  • $2,936,064
  • 10,000 SF Bldg
5 Photos
GALLERIA OFFICE WAREHOU...
GALLERIA OFFICE WAREHOU...
  • Houston, TX
  • $1,800,000
  • 11,910 SF Bldg
6213 Richmond Ave 6213 Richmond Ave
  • Houston, TX
  • Price Not Disclosed
  • 12,695 SF Bldg
12812 Gulf Fwy 12812 Gulf Fwy
  • Houston, TX
  • Price Not Disclosed
  • 15,016 SF Bldg
5700 Loop East 5700 Loop East
  • Houston, TX
  • $650,000
  • 12,114 SF GLA
Retail Showroom/Warehou... Retail Showroom/Warehou...
  • Houston, TX
  • $850,000
  • 12,029 SF Bldg