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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

Attachments

cvs.tucson03

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
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
276’ on Houghton

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 as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.

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

Jazzercise
Chase Bank
Planet Fitness

Property Taxes

Property Taxes

Parcel Number
136-10-0940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$385,462
  • Listing ID: 33596568

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 2601 S Houghton Rd, Tucson, AZ 85730

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