CVS - Sugar Land, TX_Property for Sale
CVS - Sugar Land, TX_Property for Sale
4523 LJ Parkway, Sugar Land, TX, 77479, US

CVS - Sugar Land, TX

Asset description

JLL is pleased to exclusively offer for sale the CVS located in Sugar Land, TX (the “Property” or the “Asset”) within the greater Houston MSA. The Property is favorably situated within Riverstone, a master-planned community encompassing over 3,000 acres of land, 6,600+ single-family homes, apartments, schools, parks and other amenities. Since 2010, the Asset’s surrounding 1-mile radius has experienced a staggering population growth of 421%, making it one of the fastest growing communities not only in Houston, but in the nation. Four apartment buildings totaling 977 units sit within one block of the Asset and have all been delivered within the last decade. The Property’s positioning at the hard-corner of University Blvd and LJ Parkway benefits from its exposure to more than 28,000 VPD.

CVS (the “Tenant”) operates at this location on an absolute NNN lease with nearly 16 years remaining, future rent growth, multiple renewal options and zero landlord responsibilities. This offering presents a passive income opportunity for investors seeking long-term cash flow backed by industry-leading tenancy in a premier growth market with exceptional real estate fundamentals.

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Attributes

Building area net
1,356 sm
Occupancy
100%
Year built
2014
WAULT
15.5 years

Media

Investment highlights

  • 15.5-year Abs. NNN lease
  • Located within Riverstone, the fifth fastest-growing master planned community in the nation
  • 71st percentile of most visited CVS locations in Texas
  • 421% population growth within 1-mile since 2010
  • Within one-block of four new apartments comprising 927 units
  • $190,000 AHHI within a 1-mile radius
  • Hard-corner parcel with prime exposure to more than 25,000 vehicles per day


CVS - Sugar Land, TX 4_Property for Sale
CVS - Sugar Land, TX 4_Property for Sale

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CVS - Sugar Land, TX (0 Properties)

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Last updated
Jun 3, 2024