Midnight Store | $23+ Million in Reported Sales
Retail | 6.75% CAP | 11,371 SqFt
Marketing description
We are pleased to market for sale the CVS Pharmacy located at 5002 West Main Street in League City, Texas 77573 (the “Property”). The Property is in its second renewal period, with the most recent renewal executed in 2020. The current five-year term began July 1, 2025 and is an absolute triple-net structure with no landlord responsibilities and includes rental increases at each option period. Rents are in line with the market and are considered replaceable in the event of tenant turnover.
The Property produces exceptional sales volumes, generating more than $23 million in sales during FY 2023–2024. Placer.ai data places this location in the top 20% of all CVS stores in Texas by customer visits. The store also features a MinuteClinic, one of only ~1,000 nationwide. It is the only freestanding CVS west of Interstate 45, effectively capturing the trade area on that side of the highway, with the next nearest CVS stores located 8.8 miles to the northwest and 11 miles to the southwest.
The population of League City increased 36.9 percent between 2010 and 2020, from 83,560 to 114,392 residents with major residential developments in the area include Legacy, Westover Park, Samara, Westwood, Pedregal, Westland Ranch, and the Hines master-planned community, together representing more than 10,000 homes completed or under development. Commercial projects include the Highway 96 and 146 mixed-use development on 24.5 acres, planned for 70,000 square feet of retail and 220,000 square feet of warehouse and flex space, and Grand Oak Village, a 16-acre retail development along League City Parkway.
Listed in conjunction with Brian Brockman, Bang Realty - Texas, 513-898-1551, [email protected], TX DRE Lic. 701472.
Investment highlights
- Open until 12 AM, the store generates over $23 million in annual sales and ranks in the top 20% of CVS locations in Texas by customer visits (Placer.ai).
- CVS is paying replaceable market rents at this location.
- The average household income within one mile is $135,373, and League City’s population grew 36.9% from 83,560 in 2010 to 114,392 in 2020.
- Proximity to 7 residential developments (10,035 Homes). Commercial development is anchored by the Highway 96 & 146 mixed-use project (70,000 SF retail and 220,000 SF warehouse/flex) and Grand Oak Village, a 16-acre retail project
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