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Texas CVS | No Rent Holiday | Absolute NNN 725 E Main St 11,945 SF Retail Building Henderson, TX 75652 $4,176,642 ($349.66/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- This CVS lease has no rent holiday featured and has over 8 years of guaranteed rent before the next option.
- The property is on an Absolute NNN lease with CVS responsible for all of the building and property expenses.
- 2 miles of UT Health Henderson, UT Health Urgent Care, and CHRISTUS Emergency Center (Brand new $14 million facility).
- The property is situated at the corner of E Main St. and US-79 (±30,356 VPD Combined) on a 1.40 acre parcel.
- This is the only CVS location for over 17 miles.
EXECUTIVE SUMMARY
Listed in conjunction with Brian Brockman, Bang Realty - Texas, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
C
Year Built
2008
Price
$4,176,642
Price Per SF
$349.66
Cap Rate
7%
NOI
$292,365
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.40 AC
Zoning
Commercial
Parking
72 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
265’ on N US-79
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28257 | Improvements Assessment | $542,280 |
| Land Assessment | $250,000 | Total Assessment | $792,280 |
PROPERTY TAXES
Parcel Number
28257
Land Assessment
$250,000
Improvements Assessment
$542,280
Total Assessment
$792,280
(619) 297-0055
x305
CONTACTS
-
Chris Barry -
Jason Pongsrikul -
Pharma Property Group- Drugstore Specialists
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Texas CVS | No Rent Holiday | Absolute NNN | 725 E Main St
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