8754 Spring Cypress Road, Spring, TX 77379

The subject property is a double drive-through, 13,013 +/- square foot CVS constructed with high end finishes and accents, on 1.83 +/- acres that is located in The Gleannloch Towne Center development of the Houston suburb of Spring Texas. CVS has enjoyed a 15+ year historical occupancy at the site and have 4.25+ years remaining in their initial 20 year term, which runs until September 20, 2025. The lease is structured with pre-set rent increases at the beginning of each of the four 5-year renewal options, which are highly likely to be exercised. The rent is $21.00/SF in the initial 20 year term which is well below market and easily replaced with a higher rental rate in the unlikely event the tenant ever leaves.  « show less

The subject property is a double drive-through, 13,013 +/- square foot CVS constructed with high end finishes and accents, on 1.83 +/- acres...  show more »