CVS 5306 Avenue I Rosenberg, Texas

Sold

Property type: Commercial

Zero Cash Flow CVS Drug Store in Rosenberg, TX (Houston Area) with 13 years left on lease.
Low price point. Perfect for Exchange Buyer or Tax exempt entity.
Aprox. $995,000 equity need to assume cash flow loan which will be paid off in 10 years.
Then 3 years rent holiday.
Then free and clear with annual rent at option of $176,606. Year 14 Cap Rate 7.1%

Nice corner in fast growing Rosenberg Tx. which is a suburb of Houston.