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CVS Pharmacy 1569 11th St 12,738 SF Retail Building Huntsville, TX 77340 $4,665,000 ($366.23/SF) 6% Cap Rate
Investment Highlights
- CVS Lease in place.
- Primary Lease: expiration date: 08-31-2036 (Store sales at this location are strong)
Executive Summary
Lease type: Absolute NNN
Rental payment: $280,000 yearly, payable in 12 monthly installments of $23,333.33.
Primary Lease: expiration date: 08-31-2036 (Store sales at this location are strong).
Lease renewal options: Prior to the end of the primary lease term, tenant has 5 options to extend lease, each option for a term of 5 years. Lease calls for rental increases at the beginning of each option period.
Rental payment: $280,000 yearly, payable in 12 monthly installments of $23,333.33.
Primary Lease: expiration date: 08-31-2036 (Store sales at this location are strong).
Lease renewal options: Prior to the end of the primary lease term, tenant has 5 options to extend lease, each option for a term of 5 years. Lease calls for rental increases at the beginning of each option period.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,738 SF
Building Class
B
Year Built
1998
Price
$4,665,000
Price Per SF
$366.23
Cap Rate
6%
NOI
$280,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.31 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoning
Parking
63 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
384’ on 11th Street
Amenities
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 36623 | Improvements Assessment | $1,246,740 |
| Land Assessment | $666,860 | Total Assessment | $1,913,600 |
Property Taxes
Parcel Number
36623
Land Assessment
$666,860
Improvements Assessment
$1,246,740
Total Assessment
$1,913,600
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Presented by
Jose Herrera
CVS Pharmacy | 1569 11th St
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