Subject Property Subject Property CVS 5510 West Orem Drive, Houston, TX 77045 Exclusive Offering Price: $4,323,368 | NOI: $259,402 | CAP: 6.00% 13 years remaining on bond NNN lease Excellent hard corner location with 48,912 vehicles per day Across from Walgreens Phone: 212.972.7457 Fax: 212.686.0078 [email protected] www.exp1031.com Average household income of $69,125 within 5 miles Population of 1.23 million in 10 miles Sold free and clear of debt This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. CVS Whisper Valley Ranch Property Line Investment Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a free-standing CVS located in Houston, TX. The building is 12,126 sf, situated on 1.75 acres. The property is accessible from two roads, and is situated at the signalized intersection of West Orem Drive and South Post Oak Road, which have a combined average daily traffic count of 48,921 vehicles per day. 13 years of base lease term remain on the bond triple net lease. Property will be delivered free and clear of debt at closing. National retailers in the immediate area include Walgreens, Family Dollar, Advance Auto Parts, McDonald's, Taco Bell, Subway, Burger King, Cash America, AutoZone, Conoco, and Shell. Within 10 miles, there is an average household income of $80,019 and a population of 1,154,078. LOCATION OVERVIEW: The property is located inside the Sam Houston beltway, which encircles Houston. Houston is the most populous city in Texas, and the fourth most populous city in the United States and the top US market for exports. With a census-estimated 2013 population of 2.19 million people within a land area of 599.6 square miles, Houston is the largest city in the Southern United States, the seat of Harris County, and fifth-most populated metropolitan area in the United States. Houston's economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. It is also leading in health care sector, and only New York City is home to more Fortune 500 headquarters. LEASE SUMMARY: Lease Expiration: Current Rent: Escalations: Options: Lease Type: INVESTMENT SUMMARY Price: $4,323,368 CAP Rate: 6.00% NNN Rent: $259,402* Escalations: None in base term Bld. Sq Ft: 12,126 sf Land Size: 1.75 acres Lease Type: Absolute NNN Options: 10 – 5 year options** *467 rent is $264,000 in 2015 per the lease 1/31/2028 $259,402 Flat in base term 10 (Five) year options NNN Bond **1st option is $233,461.92 and options 2-10 are at fair market value Lease has a three year rent holiday in years 23, 24, and 25. Seller will escrow or credit $421,510 to buyer at closing which is the net present value of the rent in years 23, 24, and 25 at a 5.25% discount rate. TENANT OVERVIEW: CVS (NYSE: CVS | S&P: BBB+): Investment Grade CVS provides pharmacy health care services in the United States. CVS Health operates over 7,700 CVS Pharmacy and Longs Drugs stores a pharmacy benefit manager, mail order and specialty pharmacies, a retailbased health clinic subsidiary, MinuteClinic; and an online pharmacy, CVS.com. CVS Health is chartered in Delaware, and is headquartered in Woonsocket, Rhode Island, where its four business units are also headquartered. The company has an S&P rating of BBB+ which is investment grade. Subject Property This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENT OVERVIEW CVS Whisper Valley Ranch Aerial Property Line Map 15,882 VPD This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL CVS Whisper Valley Ranch Aerial Property Line Map This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL CVS Whisper Valley Ranch Location Line Map Map Property This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATION MAP CVS Whisper Valley Ranch Location Line Map Map Property This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATION MAP CVS Whisper Valley Ranch Demographic Property Line Data Map Radius Population: 2019 Projection 2014 Estimate 2010 Census Growth 2014-2019 Growth 2010-2014 2014 Population Hispanic Origin 2014 Population by Race: White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other Households: 2019 Projection 2014 Estimate 2010 Census Growth 2014 - 2019 Growth 2010 - 2014 Owner Occupied Renter Occupied 2014 Avg Household Income 2014 Med Household Income 2014 Households by Household Inc: <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+ 3 Mile 5 Mile 10 Mile 147,915 134,239 123,483 10.19% 8.71% 59,288 323,996 295,596 276,400 9.61% 6.95% 105,516 1,352,134 1,235,234 1,154,078 9.46% 7.03% 393,702 69,484 57,953 1,500 3,367 148 1,787 151,883 119,532 2,863 16,625 310 4,383 693,416 365,688 13,305 139,695 1,468 21,662 47,144 42,802 39,388 10.14% 4.75% 26,710 16,092 $58,668 $44,954 112,555 102,960 96,940 9.32% 3.41% 58,902 44,058 $69,215 $47,689 510,749 467,626 439,601 9.22% 2.69% 230,274 237,353 $80,019 $51,069 11,042 12,293 8,576 4,849 2,448 1,462 1,389 743 26,088 27,441 17,967 11,232 7,024 4,093 3,862 5,253 119,177 111,141 71,782 48,133 35,146 19,799 22,098 40,349 Contact Us EXP Realty Advisors 118 East 28th Street Suite #901 New York, NY 10016 Phone: (212) 972-7457 Fax: (212) 686-0078 www.exp1031.com Our Team Robert James Phone: (212) 686-0072 E-mail: [email protected] Daniel de Sa' Phone: (212) 972-3947 E-mail: [email protected] This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHIC DATA
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