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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
Investment Highlights
- Positioned within the Houston MSA – Ranked #5 in the United States for population size
- Successful operating history since 2016
- 21%+ projected population growth within a 1-mile radius through 2029
- Income tax free state – Texas
- Located along FM 723 Road (22,000 VPD), proximity TX-99 (72,000 VPD) & Westpark Tollway (35,000 VPD)
- 202,000+ people live within a five-mile radius
Executive Summary
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.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Jan 2042
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 2042 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0003-00-015-0010-901 | Improvements Assessment | $2,523,161 |
| Land Assessment | $892,564 | Total Assessment | $3,415,725 |
Property Taxes
Presented by
CVS (Zero Cash Flow) | 25151 Fulshear Gaston Rd
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