June 25, 2021 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a CVS in Crosby, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,278,688.
CVS is located at 14630 FM 2100 in Crosby, Texas. The stand-alone building consists of 10,500 square feet on a 1.38-acre parcel in the heart of Crosby. CVS has occupied this location since its construction in 1998 and has recently extended their Absolute NNN lease. CVS has twenty (20) years remaining on their lease with five (5), 5-year renewal options. The lease features 7.5% increases at the start of each renewal option. The Property is extremely well located at the signalized intersection of FM 2100, the area’s primary commercial corridor and Krenek Road, and is across the street from Crosby Middle School and Crosby Elementary School. The Property has outstanding visibility and frontage, two points of access, and is 0.5-miles from the Crosby Freeway (US Highway 90).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.