CVS Pharmacy
Retail | 6.75% CAP | 12,900 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 6900 Grand Mission Boulevard, Richmond, TX 77407. The site consists of roughly 12,900 rentable square feet of building space on an estimated 1.71 - acre parcel of land. CVS Pharmacy is subject to an Original 25 - year Triple Net (NNN) lease. The current annual rent is $356,040 and has scheduled increases of 5.00% in Options.
Investment highlights
Extremely High - Growth Trade Area | Population within 1 mile grew 8.2% annually since 2020, with continued strong projected growth through 2029.
Dense Residential Surroundings | Over 88,000 households within 5 miles, supported by steady annual household gains across all radii.
Strong Income Profile | Affluent demographics with average household incomes exceeding $117K within 5 miles.
Strategic Retail Corridor | 2022 build 7-Eleven and Popeyes locations directly across the street. New Midas and 35,000 SF enclosed Car Wash developments in progress behind the site. Additional new-construction Strip Center being built directly across the street.
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