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