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- LoopNet Team
485 Texas Ave
Bridge City, TX 77611
CVS | Absolute NNN Lease | Scheduled Bumps · Retail Property For Sale
Investment Highlights
- CVS/PHARMACY ABSOLUTE NNN LEASE
- S&P RATED BBB CREDIT INVESTMENT GRADE
- SURROUNDED BY NATIONAL RETAILERS INCLUDING WALMART AND MCDONALD'S
- ZERO LANDLORD OBLIGATIONS
- INCOME TAX FREE STATE
- HEAVILY TRAFFICKED LOCATION - OVER 28,000 VPD
PROPERTY FACTS
About 485 Texas Ave , Bridge City, TX 77611
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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