13505 University Blvd
Sugar Land, TX 77479
CVS: Sugar Land, TX · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 14,600-square-foot freestanding CVS ground lease situated on 1.83 acres in Sugar Land, Texas, one of the fastest-growing and most affluent suburban communities in the Houston, Texas MSA (Population: 6,772,470). CVS' s new 25-year NNN lease recently commenced in June 2017 and includes a rare 10% increase in Year 13 of the primary term and in each of the nine 5-year options to renew. The property is ideally situated at the signalized intersection of University Boulevard and Wescott Avenue (Combined Traffic Count: 29,658 VPD) just north of US Highway 59 (Traffic Count: 125,240 VPD) and is an outparcel to the recently-developed University Commons Shopping Center. University Commons is a 150,000-square-foot shopping center that is immediately adjacent to a freestanding Costco and anchored by Burlington Stores and Michael' s. Other tenants that will occupy space in Phase I of the development (slated for completion in Fall 2017) include Amegy Bank, McAlister' s Deli, Verizon, Mattress One, Mama Fu' s Asian House and 1000 Degrees Pizza, among many others. Construction on the adjacent Phase II, which will encompass an additional 125,000 square feet and be anchored by a Sprouts Farmers Market, is scheduled to begin in 2018.