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CVS/Pharmacy

485 Texas Avenue, Bridge City, TX, USA
$4,795,429 5.25% Cap 13,255 sq ft Built 2009 Representative Photo Print This Page

Location

485 Texas Avenue, Bridge City, TX, USA

Price: $4,795,429
Cap Rate: 5.25%
Net Operating Income: $251,760
Square Footage: 13,255
Lot Size: 1.67 AC
Year Built: 2009

100% OccupiedIncome Tax Free StateInvestment Grade CreditLocated on a Major Commercial ThoroughfareLong Term NNN LeaseRated CreditS&P Rated BBBSurrounded by Major RetailersZero Landlord Obligations

This is a rare CVS/pharmacy absolute net leased offering in Bridge City, TX The lease calls for zero landlord obligations with two 5 year options at 90% of prior rent, then eight 5 year options at FMV, along with a rent holiday for the last three years of the lease. The asset is well situated on a major commercial thoroughfare and is nearby Walmart, McDonald’s and Taco Bell. This location also benefits from heavy traffic counts of 28,376 VPD along Texas Avenue.

Bridge City is a city in Orange County, Texas. It is 100 miles east of Houston, near the Gulf of Mexico. The population was 7,840 at the 2010 Census. The town borders the Neches River and Cow Bayou. It is part of the Beaumont–Port Arthur Metropolitan Statistical Area. The area is most known for the oil industry.

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