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INVESTMENT HIGHLIGHTS
THE ASSET: The Property was constructed for CVS in 2014, and they have 14+ years remaining on their Absolute NNN Lease, as well as five, 5-year renewal options.
ATTRACTIVE RENT INCREASES: The Absolute NNN Lease calls for an attractive rent increase at the start of each of the renewal option periods, providing a steady increase in income and an attractive hedge against inflation.
STRATEGIC RETAIL LOCATION: CVS is located at the signalized intersection of S Fry Road and FM 1463 Road, one of the area’s primary commercial and commuter corridors. CVS is positioned within Cross Creek Ranch, a master-planned community encompassing over 6,100 homes and apartments that provides a built-in customer base. The Property is across the street from an Aldi and is 0.75 miles from a Walmart Supercenter anchored plaza, both of which drive traffic to the area. Fulshear is approximately 30-miles west of Houston, Texas.
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