4150 N Shepherd Dr | Houston, TX 77018
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- LoopNet Team
4150 N Shepherd Dr
Houston, TX 77018
CVS · Retail Property For Sale
Investment Highlights
- CVS Health Corporation (NYSE: CVS; S&P: BBB) is the largest pharmacy health care provider in the United States, ranking 5th in the Fortune 500
- Contractual rent increases of 5% every five years during initial term, as well as in each option
- Premier frontage on N Shepherd Drive and W Crosstimbers Street | Exposure to more than 55,000 vehicles per day
- In 2009, CVS extended their initial lease term by an additional nine (9) years, reinforcing their commitment to the site
- Four (4) 5-year renewal options, potentially extending the lease through 2056
- Exposure to 1.1 million SF of industrial at neighborhing Pine Forest Business Park | Located less than 1 mile North of the 610 Loop
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,013 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.69 AC
Parking
45 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
172’ on Shepherd Dr
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 1318740010001 | Improvements Assessment | $1,336,901 |
| Land Assessment | $2,943,280 | Total Assessment | $4,280,181 |
Property Taxes
Parcel Number
1318740010001
Land Assessment
$2,943,280
Improvements Assessment
$1,336,901
Total Assessment
$4,280,181
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