408 College Ave | Levelland, TX 79336
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- LoopNet Team
408 College Ave
Levelland, TX 79336
CVS - New 20 Year Lease - No Rent Holiday · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Long Term Lease – CVS signed a new 20 year lease underscoring their long term commitment to the site
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $266 billion in 2020
- Exposure and Accessibility Along City’s Main Retail and Traffic Corridor – Surrounded by national retailers including Walmart Supercenter, United Supe
- Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
- One North of South Plains College – Enrollment count in excess of 9,300 students
- Hard Corner Location with Drive-Thru – Site is positioned at the signalized intersection of College Avenue (US Highway 385) and 4th Street
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,888 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.28 AC
Zoning
RC
Parking
72 Spaces (7.28 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | R8084 | Improvements Assessment | $525,440 |
| Land Assessment | $167,200 | Total Assessment | $692,640 |
PROPERTY TAXES
Parcel Number
R8084
Land Assessment
$167,200
Improvements Assessment
$525,440
Total Assessment
$692,640
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