CVS - Fulshear, TX_Property for Sale
CVS - Fulshear, TX_Property for Sale
5902 FM 1463 Rd, Fulshear, TX, 77441, US

CVS - Fulshear, TX

Asset description

JLL is pleased to exclusively offer for sale the CVS located in Fulshear, TX (the “Property” or the “Asset”). Approximately 30 miles west Houston, the once small town is now one of the fastest growing cities in the nation. Between 2010 and 2020, Fulshear's population skyrocketed from 1,100 to 16,856. As of July 2023, the population stands at 42,616 which equated to a 3,871% growth since 2010. By 2028, that number is expected to surpass 78,000. The Property is positioned with Cross Creek Ranch, a master-planned community encompassing more than 6,000 homes, apartments. Fulshear Central, a mixed-use development near the Property, will break ground in fall of 2024 and is expected to bring 800 new jobs to Fulshear. The developments are accompanied by upgrades to the city’s infrastructure, including an expansion of FM 1043 along the Property.


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
14,600 sf
Occupancy
100%
Year built
2014
Units
1 units
WAULT
15.5 years

Media

Investment highlights

  • Adjacent to a master-planned community with more than 6,000 single family homes and mixed-use space
  • 3,871% city population growth since 2010
  • $181,000 AHHI within a 1-mile radius
  • Absolute NNN lease with more than 15-years of remaining term


CVS - Fulshear, TX 4_Property for Sale

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CVS - Fulshear, TX (0 Properties)

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Last updated
Jun 20, 2024