CVS Pharmacy - Net Lease Property for Sale
Galveston, TX
Key Investment Metrics
Price
$6,995,000
Cap Rate
6.2%
Net Operating Income
$430,000
Building Size
13813 SF
Lot Size
13,813 SF
Land Area
1.36 Acres
Remaining Term
15.2 years
Lease Expiration
02/28/2041
Lease Term
36.6 years
Lease Commencement
07/21/2004
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2004
Occupancy
100%
Tenancy
Single
Rent Increases
In Options
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Galveston, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 13813 square feet of building space and was built in 2004.
With a cap rate of 6.2%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $6,995,000, making it an attractive option for 1031 exchange investors seeking quality CVS Pharmacy commercial properties.
Why Invest in CVS Pharmacy NNN Properties?
- Stable Income: CVS Pharmacy net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: CVS Pharmacy is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Galveston, TX Market Overview
Located in Galveston, TX, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Galveston area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.