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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 as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2034 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $906,668 | |
| Land Assessment | $688,507 | Total Assessment | $1,595,175 |
Property Taxes
Parcel Numbers
Land Assessment
$688,507
Improvements Assessment
$906,668
Total Assessment
$1,595,175
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