827 E Milam St, Mexia, TX 76667 For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Mexia, Texas. The lease runs through January 2036 which leaves over 9 years remaining on the primary term. CVS has been successfully operating at this location since 2010, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities and has ten 5-year renewal options attached. The lease also features a corporate guaranty and is located in the income tax-free state of Texas.

The 13,329 square-foot building is located along Mexia’s primary thoroughfare known as Milam Street which experiences over 12,073 vehicles per day. The subject CVS location has very limited competition in the area with the nearest Walgreens found over 40 miles west. Nationally recognized retailers occupying the corridor include Walmart Supercenter, H-E-B, Tractor Supply Company, Starbucks, Ace Hardware, McDonald’s, Chevrolet, O’Reilly Auto Parts, and many others. The average household income within a five-mile radius is $68,513.

CVS Health Corporation, founded in 1963 as Consumer Value Stores and headquartered in Woonsocket, Rhode Island, is a leading health solutions company in the United States, operating over 9,000 retail pharmacies, more than 1,000 MinuteClinic locations, and comprehensive health insurance through Aetna, acquired in 2018. With a mission to enhance healthcare access, lower costs, and provide personalized care, CVS Health serves approximately 27.1 million medical members and processes over 464 million pharmacy claims annually through its CVS Caremark pharmacy benefit manager.