601 Loop 274 Rd
Angleton, TX 77515
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- As the largest pharmacy chain in the United States, CVS (NYSE: CVS) provides a strong corporate guarantee for this property.
- Texas is one of eight states in the United States that has no income tax.
- The lease has no landlord obligations, making this a very attractive and highly passive investment opportunity.
- Angleton is situated in the Houston MSA, the fifth largest metropolitan area in the country and one of the fastest growing.
- With a 25-year lease beginning in late 2009, CVS has a remaining +/- 12 years before the end of the initial term with 10 additional 5-year extensions.
- Situated on Loop 274 (VPD: 15,305), Angleton’s main retail corridor, the property is extremely visible with three ingress/egress points.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,229 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.21 AC
Parking
48 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 6435-0014-009 | Improvements Assessment | $1,737,626 |
| Land Assessment | $713,370 | Total Assessment | $2,450,996 |
