10833 Gleannloch Frst DrSpring, TX 77379

For Sale
$4,004,391

Spring, TX - Net Lease, 18.2 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Property Details for 10833 Gleannloch Frst Dr

Property type
Other retail properties, Individual retail properties
Square Feet
14,683 SF
Year Built
2017
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Spring
County
Harris
State
Texas
Latitude
30.052858
Longitude
-95.5785227
10833 Gleannloch Frst Dr, Spring, Texas

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10833 Gleannloch Frst Dr
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