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CVS – TUCSON, AZ 2601 S Houghton Rd 14,375 SF Retail Building Tucson, AZ 85730 $5,943,000 ($413.43/SF) 7.25% Cap Rate
Investment Highlights
- Top 88% of CVS Units in Arizona and within the top 83% of CVS units in the country.
- Traffic Counts: E Golf Links Rd - 27,799 CPD | S Houghton Rd - 21,043 CPD
- CVS has two renewal options for five years each at a monthly rate of $32,313.98, totaling $387,767.76 annually, effective until January 31, 2041.
- Absolute NNN Lease with 5 Years Remaining
- Lot Size | ±1.85 acres (±80,586 SF)
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,375 SF
Building Class
B
Year Built
2005
Price
$5,943,000
Price Per SF
$413.43
Cap Rate
7.25%
NOI
$430,853
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.85 AC
Zoning
C
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 14,375 SF
- -
- Jan 2031
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 14,375 SF | - | Jan 2031 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 136-10-0940 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $385,462 |
Property Taxes
Parcel Number
136-10-0940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$385,462
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Contact the Sale Advisor
CVS – TUCSON, AZ | 2601 S Houghton Rd