CVS Pharmacy | Magnolia, TX
Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy Absolute NNN Located in Magnolia, Texas. The Brand New 20-Year Lease Features Six (6) By Five (5) Year Options, With Rare 10% Rental Increases At the Beginning of Each Option Period. This Opportunity Provides For a Long Term Investment With Zero Landlord Responsibilities, A Growing NOI and Hedge Against Inflation.
- Brand New 20-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibility
- New 2022 Construction With Drive-Thru Pharmacy
- Six (6) By Five (5) Year Options, With Rare 10% Rental Increases At the Beginning of Each Option Period
- Corporate Guaranteed – CVS Health Corporation (NYSE: CVS; S&P: BBB) is the Largest Pharmacy Health Care Provider in the United States, Boasting Integrated Offerings Across The Entire Spectrum of Pharmacy Care With More Than 9,800 Locations in 49 States
- Excellent Visibility – This Site is Located on the Signalized Intersection of FM 1488 and Spur 149 (20,092 VPD)
- Growing Sub-Market of Houston-Magnolia, Texas is Nationally Ranked as 7th in Growth Among US Counties
- Across From Brand New 95,000 SF H-E-B Grocery Store and Fuel Station and Car Wash-Set to Open November 2022
- Affluent Market – Average Household Income of $122,214 Within 5-Miles
- Just 37-Miles From George Bush Intercontinental Airport (IAH)
- Nearby Magnolia High School- 1,900+ Students Enrolled
- Texas is an Income Tax-Free State
- Across From Magnolia Village, a 60-Acre Mixed-Use Development Project That Will Include 36 Acres of Retail, Office Space and 300 Multifamily Housing Units
In Cooperation With Sands Investment Group, Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
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