8234 Broadway
Houston, TX 77061
CVS Pharmacy · Retail Property For Sale
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PROPERTY FACTS
- 150 FT on Bellfort Ave
- 91 FT on Broadway St
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
ABOUT 8234 BROADWAY , HOUSTON, TX 77061
CVS For Sale | 7 CAP | Rent Increases & No Holiday Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a CVS in Houston, Texas. This CVS store has approximately 7.5 years left on the initial lease term with four (5-year) options to follow. Next option begins February 1, 2025. Property to be delivered free and clear of debt. Landlord is responsible for roof and structure. This lease allows for approximately five percent (5%) increases in rent in the options. There is NO RENT HOLIDAY concession in this lease. The subject property is located at the signalized northwest corner of Broadway Street and Bellfort Street with an approximate traffic count of 45,000 cars per day. Directly across the street is located a Walgreens store making this a strategic location for both Walgreens and CVS. This CVS is located in an infill area of the Houston MSA, the fifth-largest metropolitan area in the nation and the second-largest in the state, with over 6.5 million residents. There are over 350,000 residents within a 5-mile radius of this CVS location. National retail and local tenants within a half mile include Family Dollar, Cricket Wireless, Pizza Hut, McDonald' s, Popeyes, 99 Cent Only, Wingstop, Burger King, Taco Bell, Church' s Chicken, Auto Zone, Chase Bank, Kroger, O' Reilly, Subway and Bank of America. Listed in association with William Lee Russell TX DRE Lic. 0361025
PROPERTY TAXES
Parcel Number | 1232780010001 | Improvements Assessment | $1,167,198 |
Land Assessment | $426,570 | Total Assessment | $1,593,768 |
Listing ID: 7052918
Date on Market: 5/4/2017
Last Updated:
Address: 8234 Broadway, Houston, TX 77061
The Greater Hobby Area Retail Property at 8234 Broadway, Houston, TX 77061 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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