1101 Gilmer St | Sulphur Springs, TX 75482
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- LoopNet Team
1101 Gilmer St
Sulphur Springs, TX 75482
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Credit – Lease is guaranteed by CVS (NYSE: CVS), with a market cap of $94 billion and over 9,600 stores across the country.
- Income Tax Free State – Texas is one of nine states with no state income tax.
- Location – Located a half mile off of I-30, that sees north of ±35,000 VPD and Gilmer St, which sees an additional ±18,000 VPD.
- Competitive Price Point – Sub $3 million dollar price point. Current average asking price on CVS assets is $5.1 million. (Per Costar)
- Passive Ownership – CVS is operating on a NNN lease, with no landlord responsibilities, offering a passive income stream.
- Key Developments – Sulphur Springs anticipating nearly 1,200 single family homes built roughly 1 mile west of the city.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,791 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.14 AC
Zoning
GR - General Retail
PROPERTY TAXES
| Parcel Number | R000006126 | Improvements Assessment | $934,390 |
| Land Assessment | $323,630 | Total Assessment | $1,258,020 |
PROPERTY TAXES
Parcel Number
R000006126
Land Assessment
$323,630
Improvements Assessment
$934,390
Total Assessment
$1,258,020
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