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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 U.S., with a network of 66,000+ retail pharmacies
- Four (4) 5-year renewal options, potentially extending the lease through 2056
- Irreplaceable urban infill location | More than 402,000 residents within a 5-mile radius
- Corporate Guaranteed Absolute NNN lease with zero landlord responsibilities | Contractual rent increases of 5% every five years
- Exposure to more than 55,000 vehicles per day | Located less than 1 mile North of the 610 Loop
- More than 5.9 million SF of retail at 97% occupancy within a 2-mile radius | Neighboring 1.1 Million SF of industrial at Pine Forest Business Park
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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