CVS Sulphur Springs, TX

Property Price: $4,179,000
Property Status: Closed
Property Type: Retail
Cap Rate: 5.35%
Lease Type: Fee Simple
Tenant Type: Single Tenant
NOI: $223,562
Building Size: 10,055 SF
Land Area: 1.143 Acres
Remaining Term: 16 Years
Expenses: NNN

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Landes Fairmount Properties is pleased to exclusively offer the opportunity to acquire the fee simple CVS (BBB+) property located in Sulphur Springs, TX. The lease is 100% guaranteed by the CVS Caremark Corporation. The subject property opened in January 2006, when CVS began paying rent. CVS operates under bonded twenty-five (25) year lease with approximately sixteen (16) years remaining on the initial lease term. The lease offers ten (10) extension periods, at five (5) years. CVS Caremark Corporation also corporately guarantees the extension periods.

The subject property is located on the southwest corner of Gilmer Street and Linda drive. Next to this CVS is a retail shopping plaza, which helps generate additional traffic into the area. This CVS lies less than 0.40 miles from the busy Interstate 30, which provides in positive traffic flow and easy accessibility. Across the street is a Century 21 First Group and the Sulphur Spring Fire Station. Also, just down Gilmer Street is the Ford and Lincoln dealership of Sulphur Springs, which brings additional traffic to this CVS property. Residential developments also surround this CVS location in each direction in a 1 mile radius. This property is a proven location for CVS, providing a viable long term investment opportunity.


Agent Contact Information

Justin Grissen
Managing Director

Austin Landes
Investment Advisor

Caleb Landes
Investment Advisor

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