January 27, 2025 – Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a CVS in Fulshear, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $7,360,000.
The CVS is located at 5902 Farm to Market 1463 Road in Fulshear, Texas. 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. 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. 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.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.