CVS Pharmacy NNN Property For Sale — Galveston, TX
2326 61st St., Galveston, TX 77551
This CVS Pharmacy offers investors a truly passive, management-free opportunity with an absolute NNN lease. Located in Texas, a state with no income tax, this investment maximizes after-tax returns. The property features a long-term lease with 15 years remaining, providing stable and predictable cash flow. This high-performing location is strategically positioned on a hard-corner, signalized intersection with multiple points of ingress and egress, and includes a drive-thru. The tenant is backed by investment-grade credit with an S&P “BBB+” rating. Situated in Galveston, a prominent coastal city and tourist destination, the property benefits from strong demographics, including over 58,815 residents within a 5-mile radius and an average household income exceeding $74,371 within a 1-mile rad…
- Address: 2326 61st St., Galveston, TX 77551
- Asking price $6.94M
- 6.20% cap rate
- NOI $430,000
- 15 years remaining
- NNN lease
Asset type: Retail