CVS | Cypress, TX 12550 Louetta Road

Houston, TX 77429

For Sale

12,036 sqft

Sale Price

$3,350,000

View Floor Plans

Brochure

Property Website

Map

Retail For Sale - Available Immediately

Retail | 5.94% CAP | 12,036 SF

Highlights

LONG-TERM OPERATING HISTORY CVS Pharmacy is operating under a long-term lease with 12.5+ years of term remaining, which expires in October 2038. Additionally, this is an established location for CVS, having occupied this site since 2002 and extended the lease for 20 years in 2018, demonstrating their commitment to this property.

CORPORATE GUARANTEE FROM INVESTMENT GRADE TENANT The lease is corporately guaranteed by CVS Health, the largest retail pharmacy chain in the United States. CVS operates over 9,000 locations and boasts an impressive “BBB” investment grade credit rating from S&P.

LOCATED IN HOUSTON MSA Houston is the 5th largest MSA in the country, with a population exceeding 7 million people. In 2023, the Houston MSA’s GDP was an impressive 697 billion. Once rural farm land, Cypress is now one of Houston’s largest suburbs. with a thriving economy.

Get in touch

Tony Anderson

Lic: 01936642

Richard Brehaut

Lic: 01934760

Kent Presson

Lic: 02076597

Scott Budzenski

Lic: 01989360

Overview

ABSOLUTE TRIPLE NET (NNN) LEASE
The property is subject to an Absolute Triple Net (NNN) lease with CVS Pharmacy,
resulting in zero landlord management responsibilities. The tenant is responsible
property taxes, insurance, all repairs & maintenance, and the roof & structure.

Location Description

LOCATED ON HARD, SIGNALIZED CORNER
The subject property benefits from its location on the hard, signalized corner of Louetta Rd and N Eldridge Pkwy. The combined traffic counts at this intersection are 36,639 vehicles per day.

Sizes and Measurements

Total Space Available