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1231 W Main St 11,945 SF Retail Building Gun Barrel City, TX 75156 $4,118,267 ($344.77/SF) 6% Cap Rate
Executive Summary
Absolute NNN, Prime CVS Investment Opportunity near Cedar Creek Lake, a premium lake near Dallas Fort Worth with strong demographic growth. Assumable debt in-place.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
B
Year Built
2008
Price
$4,118,267
Price Per SF
$344.77
Cap Rate
6%
NOI
$247,096
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.46 AC
Zoning
F1
Parking
50 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
160’ on Main St
Amenities
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2034
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 Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0483-0090-0A20-53 | Improvements Assessment | $906,668 |
| Land Assessment | $572,769 | Total Assessment | $1,479,437 |
Property Taxes
Parcel Number
0483-0090-0A20-53
Land Assessment
$572,769
Improvements Assessment
$906,668
Total Assessment
$1,479,437
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1231 W Main St
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