CVS Pharmacy – Vidor, TX

Price: $2,623,000
Sq. Ft.: 11,200
Cap Rate: 7.75%
Built: 1999

The subject property is an 11,200-square foot freestanding CVS Pharmacy located in Vidor, Texas. The absolute triple- net lease has zero landlord responsibilities and is guaranteed by CVS Pharmacy, Inc., a subsidiary of CVS Corporation. Approximately three years remain on the original 20-year term, with four, five-year options for renewal including scheduled rent increases at the beginning of each renewal period. Constructed in 1999, the building is situated on 1.39 acres.

CVS sits on the signalized hard corner of North Main Street and Tram Road, less than one mile north of Interstate 10. The subject property is directly across the street from Walgreens, and Walmart and Brookshire Brothers grocery store sit on the northeast corner of North Main and Tram.  Other national and regional retailers in the area include O’Reilly  Auto Parts, AutoZone, Jack in the Box, Dollar General, Ace Hardware, Anytime Fitness, Casa Ole’, Domino’s Pizza, and others.

Vidor is a city in western Orange County, Texas. A city of Southeast Texas, it lies at the intersection of Interstate 10 and Farm to Market Road 105, six miles east of Beaumont. The town is mainly a bedroom community for the nearby  refining complexes in Beaumont and Port Arthur and is part of the Beaumont – Port Arthur Metropolitan Statistical Area.

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