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CVS Pharmacy 6900 Grand Mission Blvd 12,900 SF Retail Building Richmond, TX 77407 $5,477,538 ($424.62/SF) 6.50% Cap Rate
Investment Highlights
- Extremely High - Growth Trade Area
- Strong Income Profile
- Dense Residential Surroundings
Executive Summary
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 6900 Grand Mission Boulevard, Richmond, TX 77407. The site consists of roughly 12,900 rentable square feet of building space on an estimated 1.71 - acre parcel of land. CVS Pharmacy is subject to an Original 25 - year Triple Ne t (NNN) lease. The current annual rent is $356,040 and has scheduled increases of 5.00% in Option.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2008
Price
$5,477,538
Price Per SF
$424.62
Cap Rate
6.50%
NOI
$356,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.71 AC
Zoning
None
Frontage
119’ on Grand Mission Blvd
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0451-00-000-0102-901 | Improvements Assessment | $2,259,146 |
| Land Assessment | $779,644 | Total Assessment | $3,038,790 |
Property Taxes
Parcel Number
0451-00-000-0102-901
Land Assessment
$779,644
Improvements Assessment
$2,259,146
Total Assessment
$3,038,790
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CVS Pharmacy | 6900 Grand Mission Blvd
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