CVS | 1595 MAIN ST
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
- 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every five years
- New 2025 construction, dual drive-thru
- Leased-fee ownership; passive, 1031-eligible income
- Anchored corridor alongside Walmart Supercenter and Home Depot
- --
- *SUMMARY FOR PROVIDED RECORD:**
- Corporate-leased CVS Pharmacy in Weaverville, California, offered at $2,755,000 at an 8.5% cap ($234,243 NOI). The single-tenant asset is anchored by CVS Health (NYSE: CVS), an investment-grade tenant with 28+ years of occupancy and a proven track record of financial strength. The property is secured by a triple-net lease, with the tenant responsible for taxes, insurance, and common area maintenance, while the owner retains only roof and structural obligations—a highly passive investment structure.
- Built in 1998, the 22,965 SF pharmacy sits on a 2.38-acre parcel with approximately 136 parking spaces within Trinity Plaza Shopping Center at a signalized intersection. The store generates over $14 million in annual sales, or more than $625 per square foot, substantially exceeding national pharmacy averages. As the dominant pharmacy serving Trinity County, it benefits from limited direct competition and attracts both local residents and travelers. The shopping center features strong retail synergy with Holiday Market, O'Reilly Auto Parts, Burger King, Ace Hardware, and Dollar General. Below-market rent of approximately $0.85 per square foot and high barriers to entry in the submarket support stable long-term cash flow and meaningful upside potential.
- Highlights:
- Investment-grade tenant (CVS Health, NYSE: CVS) with 28+ years occupancy
- Triple-net lease; owner limited to roof and structural responsibilities
- $14M+ annual sales; $625+ per square foot (well above national average)
- Dominant pharmacy with limited competition in Trinity County
- 2.38-acre parcel with 136 spaces; future pad development potential
More property details
Location
This corporate-leased CVS Pharmacy presents a premier net-leased investment opportunity backed by CVS Health (NYSE: CVS), an investment-grade tenant with a long-standing history of financial strength and stability. Occupying the property for more than 28 years, the store has demonstrated exceptional operating performance, generating over $14 million in annual sales, or more than $625 per square foot, significantly exceeding national averages. The asset is secured by a triple-net (NNN) lease, with the tenant responsible for property taxes, insurance, and common area maintenance, while ownership is limited to roof and structural responsibilities, creating a highly passive investment. Situated on a generous ±2.38-acre (100,000+ square-foot) parcel, the property offers approximately 136 parking spaces and provides future expansion or pad development potential, adding long-term value. As the dominant pharmacy serving Trinity County, the location benefits from limited direct competition and attracts a steady customer base of both local residents and travelers. Positioned at a signalized intersection within the Trinity Plaza Shopping Center, the property enjoys strong retail synergy alongside established national retailers, including Holiday Market, O'Reilly Auto Parts, Burger King, Ace Hardware, and Dollar General. Combined with below-market rents of approximately $0.85 per square foot and high barriers to entry within the submarket, this offering delivers stable cash flow, long-term tenant security, and meaningful future upside.