CVS (Zero Cash Flow) 25151 Fulshear Gaston Rd 10,200 SF Retail Building Richmond, TX 77406 $4,114,012 ($403.33/SF) 7.03% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant zero cash ?ow CVS property located in Richmond, Texas within the Houston MSA. CVS has successfully operated from this location following the completion of construction in 2016. CVS is operating on a long-term lease that runs through January 2042. The lease is absolute triple net and presents no landlord responsibilities. There are ten 5-year renewal options with various rental escalations. Additionally, the property bene?ts from its location in Texas, as an income tax free state.
The 10,200 square-foot building is located at a signalized intersection along FM 723, which carries a combined 32,000 vehicles per day. The site also bene?ts from close proximity to the Westpark Tollway (35,000 VPD) and TX-99/Grand Parkway (72,000 VPD), providing strong regional access. The property is positioned directly across from the newly constructed Gene Tomas High School, designed for 2,500 students, as well as Ella Banks Junior High. CVS is also minutes from the 578-acre Candela master-planned community, which is underway and will deliver approximately 1,700 homes. The population within one mile is projected to grow by 21% through 2029. As of 2026, there are approximately 202,000 residents within a ?ve-mile radius, with an average household income exceeding $181,000 within three miles. The property is located just one mile south of a major retail corridor anchored by H-E-B, Lowe’s, Kroger, Academy Sports + Outdoors, and several other national retailers.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical clinics, the CVS Caremark pharmacy bene?ts manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simpli?es healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.