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CVS 14115 E Sam Houston Pky N 12,900 SF Retail Building Houston, TX 77044 $6,762,000 ($524.19/SF) 5.25% Cap Rate
Investment Highlights
- Corporate CVS lease guaranteed by CVS Health Corporation with approximately 12 years remaining.
- Located in a high-traffic corridor with strong co-tenancy from national retailers and restaurants.
- Positioned in a dense trade area with over 150,000 residents within five miles and strong income levels.
- Absolute net lease structure with tenant responsible for all expenses, including roof, parking, and insurance.
- Favorable assumable debt with a fixed 4.25% interest rate and full amortization through 2038.
- Five renewal options of five years each, with scheduled rent increases for long-term income growth.
Executive Summary
Strong Performing Location, Strong Demos and Favorable Assumable Financing
This offering features a single-tenant CVS Pharmacy investment property located on East Sam Houston Parkway in Houston, Texas. The asset is backed by a long-term corporate lease guaranteed by CVS Health Corporation, providing stability and predictable income for investors. The lease commenced in 2007 and runs through January 31, 2038, with approximately 12 years remaining and five additional five-year renewal options. Rent escalations of 5% occur at the start of each renewal period, enhancing long-term cash flow.
The property benefits from a strong performing location, ranking in the top 20% of CVS stores nationwide based on store visits. Surrounding demographics are highly favorable, with a population of over 150,000 within a five-mile radius and average household incomes exceeding $124,000. Positioned along a major Houston thoroughfare, the site offers excellent visibility and access to dense retail and residential areas.
An assumable loan with a 4.25% fixed interest rate and positive leverage further strengthens the investment appeal, making this property an attractive option for buyers seeking stable returns and long-term growth potential.
This offering features a single-tenant CVS Pharmacy investment property located on East Sam Houston Parkway in Houston, Texas. The asset is backed by a long-term corporate lease guaranteed by CVS Health Corporation, providing stability and predictable income for investors. The lease commenced in 2007 and runs through January 31, 2038, with approximately 12 years remaining and five additional five-year renewal options. Rent escalations of 5% occur at the start of each renewal period, enhancing long-term cash flow.
The property benefits from a strong performing location, ranking in the top 20% of CVS stores nationwide based on store visits. Surrounding demographics are highly favorable, with a population of over 150,000 within a five-mile radius and average household incomes exceeding $124,000. Positioned along a major Houston thoroughfare, the site offers excellent visibility and access to dense retail and residential areas.
An assumable loan with a 4.25% fixed interest rate and positive leverage further strengthens the investment appeal, making this property an attractive option for buyers seeking stable returns and long-term growth potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2007
Price
$6,762,000
Price Per SF
$524.19
Cap Rate
5.25%
NOI
$355,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.41 AC
Parking
64 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
133’ on Beltway 8 Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1288890010002 | Improvements Assessment | $1,469,094 |
| Land Assessment | $1,843,890 | Total Assessment | $3,312,984 |
Property Taxes
Parcel Number
1288890010002
Land Assessment
$1,843,890
Improvements Assessment
$1,469,094
Total Assessment
$3,312,984
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Van Hull Commercial
CVS | 14115 E Sam Houston Pky N
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