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34012291
34012288

1101 East US Highway 377, Granbury, TX 76048

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas
$3,769,000
2 days on market
Updated 1 day ago

CVS – GRANBURY, TX

Details
Property Type Retail
Sub Type Bank, Convenience Store (+1)
Square Footage 13,368
Cap Rate 7.25%
NOI $273,265
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 01/31/2031
Rent Bumps No
Lease Options CVS has two renewal options for five years each at a monthly rate of $20,494.89, totaling $245,938.68 annually, effective until January 31, 2041. February 1, 2041, CVS has ten 5-year renewal options
Year Built 2005
Acreage 1.330
Zoning C
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/22/2005
Ground Lease No
Ownership Fee Simple (Building & Land)

Retail | 7.25% CAP | 13,368 SqFt

Marketing description

This offering presents a rare opportunity to acquire a corporately guaranteed, absolute NNN leased CVS Pharmacy in Granbury, Texas—part of the high-growth Dallas-Fort Worth MSA. Situated on a major retail corridor, the property benefits from strong visibility, excellent access, and proximity to top national retailers, schools, and civic institutions.

The freestanding building features modern architecture, a drive-thru, and ample parking, creating a high-traffic, consumer-friendly environment. Backed by CVS Health, one of the largest and most financially secure pharmacy retailers in the U.S., this asset offers a stable, passive income stream with zero landlord responsibilities.

Positioned in a thriving submarket with increasing population growth and a strong retail presence, this CVS Pharmacy is a high-quality, low-management investment opportunity ideal for both private and institutional buyers.

Investment highlights

  • Absolute NNN Lease: Zero landlord responsibilities
  • Corporate Guarantee: Backed by CVS Health Corporation (NYSE: CVS)
  • Credit Ratings: S&P: BBB | Moody’s: Baa3
  • Premier Location: Signalized intersection with 48,281 CPD on Highway 377
  • Retail Synergy: Adjacent to Lowe’s, Walmart, Chick-fil-A, Aldi, and more
  • Established Pharmacy Tenant: CVS operates over 9,000 locations nationwide
  • Modern Construction: Contemporary design with full-service pharmacy setup
  • High-Barrier-to-Entry Market: Dense retail concentration with limited large-format vacancy

Listing Contacts

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$273,265.00
$22,772.08/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

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LC CommercialSpecial CommercialLight Commercial
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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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