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CVS Pharmacy | Cypress, TX 12550 Louetta Rd 12,036 SF Retail Building Cypress, TX 77429 $3,350,000 ($278.33/SF) 5.94% Cap Rate
Investment Highlights
- LONG-TERM OPERATING HISTORY
- CORPORATE GUARANTEE FROM INVESTMENT GRADE TENANT
- LOCATED IN HOUSTON MSA
- ABSOLUTE TRIPLE NET (NNN) LEASE
- LOCATED ON HARD, SIGNALIZED CORNER
Executive Summary
PRICING: $3,350,000
CAP RATE: 5.94%
NOI: $198,925
LEASE EXPIRATION: 10/31/2038
GUARANTEE: CORPORATE
CAP RATE: 5.94%
NOI: $198,925
LEASE EXPIRATION: 10/31/2038
GUARANTEE: CORPORATE
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,036 SF
Building Class
B
Year Built
2002
Price
$3,350,000
Price Per SF
$278.33
Cap Rate
5.94%
NOI
$198,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.49 AC
Parking
40 Spaces (3.32 Spaces per 1,000 SF Leased)
Frontage
177’ on Louetta Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $16.53
- Triple Net
- Oct 2038
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 | - | $16.53 | Triple Net | Oct 2038 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1235510010001 | Improvements Assessment | $1,459,824 |
| Land Assessment | $972,885 | Total Assessment | $2,432,709 |
Property Taxes
Parcel Number
1235510010001
Land Assessment
$972,885
Improvements Assessment
$1,459,824
Total Assessment
$2,432,709
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CVS Pharmacy | Cypress, TX | 12550 Louetta Rd
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