10833 Gleannloch Frst DrSpring, TX 77379

This exceptional investment opportunity presents a fee-simple, absolute net lease CVS Pharmacy in Spring, Texas. The property boasts 14,683 square feet on a 1.75-acre lot, built in 2017, and features a drive-thru. The lease, with a corporate guarantee from CVS Health Corporation, extends until January 31, 2043, offering a substantial remaining term of 18.2 years. Ten (10) five-year renewal options are included. The property enjoys a prime location at a signalized intersection, surrounded by national retailers like McDonald's, Jiffy Lube, AutoZone, and H-E-B. Strong demographics support the investment, with a 5-mile radius population of 217,218 and an average household income exceeding $157,790 within a 1-mile radius. The asking price is $4,004,391, representing a price per square foot of $272.72. The property's Net Operating Income (NOI) is $253,224. The property includes a paydown readvance feature, beneficial for 1031 exchange buyers. The property's parcel number is 1378430010001. This is an absolute NNN lease with zero landlord responsibilities.