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4101 Fairmont Pky
Pasadena, TX 77504
CVS Pharmacy · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,532 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.08 AC
Frontage
256’ on Burke Road

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection

About 4101 FAIRMONT PKY , PASADENA, TX 77504

CORPORATE GUARANTEED LEASE The lease is 100% guaranteed by CVS Health Corporation, providing an investor with an added level of income security. ZERO LANDLORD OBLIGATIONS The property features an absolute Bond lease structure, the most passive lease structure available. The tenant pays all expenses directly and is responsible for all repairs, maintenance and other casualties including natural hazards. CREDIT TENANT S&P BBB CVS Pharmacy is owned by CVS Health Corporation (S&P: BBB) the largest retail pharmacy chain in the US. Headquartered in Woonsocket, RI. CVS is the largest pharmacy chain in the US with over 9,900 retail locations and more than 295,000 employees. TENANT COMMITMENT & TERM CVS signed this lease in 2005, demonstrating commitment by a premier retail pharmacy operator to this location, which is situated along the Fairmont Pkwy. Fairmont Pkwy and Watters Rd SE intersection experiences over 28,394 vehicles per day. Newmark Real Estate of Houston LLC License #537005

Property Taxes

Property Taxes

Parcel Number
1265880010001
Land Assessment
$1,559,900
Improvements Assessment
$1,119,643
Total Assessment
$2,679,543
  • Listing ID: 17784041

  • Date on Market: 11/21/2019

  • Last Updated:

  • Address: 4101 Fairmont Pky, Pasadena, TX 77504

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