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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
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.
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
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 Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000098399 | Improvements Assessment | $1,550,150 |
| Land Assessment | $1,161,300 | Total Assessment | $2,711,450 |
Property Taxes
Parcel Number
R000098399
Land Assessment
$1,161,300
Improvements Assessment
$1,550,150
Total Assessment
$2,711,450
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CVS – GRANBURY, TX | 1101 E US Highway 377
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