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CVS – GRANBURY, TX 1101 E US Highway 377 13,368 SF Retail Building Granbury, TX 76048 $3,769,000 ($281.94/SF) 7.25% Cap Rate

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Investment Highlights

  • Absolute NNN Lease: Zero landlord responsibilities
  • Credit Ratings: S&P: BBB | Moody’s: Baa2
  • Retail Synergy: Adjacent to Lowe’s, Walmart, Chick-fil-A, Aldi, and more
  • Corporate Guarantee: Backed by CVS Health Corporation (NYSE: CVS)
  • Premier Location: Signalized intersection with 48,281 CPD on Highway 377
  • Established Pharmacy Tenant: CVS operates over 9,000 locations nationwide

Executive Summary

This offering presents a rare opportunity to acquire a corporately guaranteed, absolute NNN leased CVS Pharmacy in Granbury, Texas—part of the high-growth Dallas-Fort Worth MSA. Situated on a major retail corridor, the property benefits from strong visibility, excellent access, and proximity to top national retailers, schools, and civic institutions.
The freestanding building features modern architecture, a drive-thru, and ample parking, creating a high-traffic, consumer-friendly environment. Backed by CVS Health, one of the largest and most financially secure pharmacy retailers in the U.S., this asset offers a stable, passive income stream with zero landlord responsibilities.
Positioned in a thriving submarket with increasing population growth and a strong retail presence, this CVS Pharmacy is a high-quality, low-management investment opportunity ideal for both private and institutional buyers.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,368 SF
Building Class
C
Year Built
2005
Price
$3,769,000
Price Per SF
$281.94
Cap Rate
7.25%
NOI
$273,253
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.33 AC
Zoning
C

Amenities

  • Signage
  • Drive Thru
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Nearby Major Retailers

Scooter's Coffee
El Chico Cafe
Cotton Patch Café
Mcalister's Deli
Snap Fitness 24/7
Chili's Grill & Bar
Chase Bank
Southside Bank
Freddy's
Chicken Salad Chick

Property Taxes

Property Taxes

Parcel Number
R000098399
Land Assessment
$1,161,300
Improvements Assessment
$1,550,150
Total Assessment
$2,711,450
  • Listing ID: 35494522

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 1101 E US Highway 377, Granbury, TX 76048

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