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SPOTLIGHT

CVS ZeroCashFlow Leasehold With Paydown Re-advance

3401 Tidewell Road, Houston, TX 77093

$3,154,776

12,900 SF | Retail

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Retail Property For Sale

Price:
$3,154,776
Building Size:
12,900 SF
Price/SF:
$244.56
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
8.78%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2009
Lot Size:
1.63 SF
Listing ID
18690311
Last Updated
1 day ago

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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 $436.000..

SEE ATTACHED BROCHURE FOR ADDITIONAL INFORMATION

This store was built new in 2009 to replaced an older Eckard Store store next door said store which was opened since1979 and torn down upon compleation of construction. CVS is committed to this location. Situated in a Houston Suburb, immediately adjacent to the Eastex Freeway on off ramps, this property has unparalled visibility and traffic flow.

Financial Summary

  • Actual
  • $282,225

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

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Robert J.'s Other Listings

CVS 9 Store

Asking Price Index Trends for Houston, TX Retail For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$134+1.5%+6.8%
-
Metro
$152+0.5%+9.5%
-
County
$155+0.5%+6.5%
-
City
$157+2.2%+7.1%

View Houston Market Trends for other property types for sale or lease. Learn more about the chart info.

CVS ZeroCashFlow Leasehold With Paydown Re-advance
  • Retail
  • $3,154,776
  • 12,900 SF