CVS/pharmacy | No Rent Holiday

701 S. 17th Street

West Columbia, TX

Investment Highlights

Lease Highlights

Property Overview

No Rent Holiday | Absolute NNN Lease with over 7-Years of Primary Term Remaining

The subject property is a freestanding single tenant CVS/pharmacy operating under an absolute NNN with no landlord maintenance or management responsibilities whatsoever. The subject property is a well-established retail drugstore with approximately 18-years of operational history at this location and limited market competition in the immediate trade area.

Corporately Guaranteed Lease | CVS Health Corporation (S&P: “BBB”)

The lease is corporately guaranteed by CVS Health Corporation, formerly CVS Caremark Corporation, (NYSE: CVS) which carries an “investment grade” credit ratings from Standard & Poors of “BBB/Stable” and Moody’s “Baa3/Stable”. The company boasts annual earnings in excess of $400 Billion (YE 2025) and an estimated net worth exceeding $79.7 Billion (Q2 2026).

4-Way Signalized Corner | Equipped with Drive-Through Pharmacy Lane

The subject property is situated at the NE corner of South 17th Street (TX-Hwy 35) & South Columbia Drive (TX-Hwy 36). The ample 1.86 acre parcel has excellent frontage and access from each street and benefits from a wrap-around drive-through pick-up lane.

Broker Of Record

Tim Speck Texas Broker of Record tspeck@marcusmillichap.com Lic: 900294