Contacts
The Boulder Group
The Boulder Group
Property Details
- Property Type Retail
- Property Size 10,200 SF
- Lot Size 1.9 Acre
- Year Built 2016
- Date Updated May 14, 2026
The Boulder Group is pleased to exclusively market for sale a single tenant zero cash flow CVS property located in Richmond, Texas within
the Houston MSA. CVS has successfully operated from this location following the completion of construction in 2016. CVS is operating on a
long-term lease that runs through January 2042. The lease is absolute triple net and presents no landlord responsibilities. There are ten 5-year
renewal options with various rental escalations. Additionally, the property benefits from its location in Texas, as an income tax free state.
The 10,200 square-foot building is located at a signalized intersection along FM 723, which carries a combined 32,000 vehicles per day. The site
also benefits from close proximity to the Westpark Tollway (35,000 VPD) and TX-99/Grand Parkway (72,000 VPD), providing strong regional access.
The property is positioned directly across from the newly constructed Gene Tomas High School, designed for 2,500 students, as well as Ella
Banks Junior High. CVS is also minutes from the 578-acre Candela master-planned community, which is underway and will deliver approximately
1,700 homes. The population within one mile is projected to grow by 21% through 2029. As of 2026, there are approximately 202,000 residents
within a five-mile radius, with an average household income exceeding $181,000 within three miles. The property is located just one mile south
of a major retail corridor anchored by H-E-B, Lowe’s, Kroger, Academy Sports + Outdoors, and several other national retailers.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind
UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical
clinics, the CVS Caremark pharmacy benefits manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With
approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simplifies
healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
17/100
Walk Score ®
-
27/100
Bike Score ®
Location
- City Richmond, TX
- Zip Code 77406
- Market Houston
Points of Interest
-
Exxon
0.52 miles
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Kroger Fuel
0.91 miles
-
Shell
1.16 miles
-
Walmart
1.90 miles
-
Phillips 66
1.91 miles
-
Murphy USA
2.43 miles
-
H-E-B Fuel
3.06 miles
-
Tesla Supercharger
6.20 miles
-
Parking lot at Cross Creek Ranch Arbor Park
3.19 miles
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Cinco Park Parking
3.82 miles
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Cinco Ranch Building parking lot
4.10 miles
-
West Gate Garage
4.53 miles
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East Gate Garage
4.63 miles
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Scarlet Zone
6.18 miles
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residence inn Katy Mills pkwy
6.25 miles
-
ADA Lot
6.53 miles
-
Oversize Lot
6.57 miles
-
Grand Parkway Park & Ride
7.42 miles
-
Rosati's Pizza
0.59 miles
-
Arby's
0.61 miles
-
Chipotle
0.90 miles
-
Sonic
0.93 miles
-
Pei Wei
0.95 miles
-
Burger King
0.96 miles
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Subway
1.04 miles
-
Taco Bell
1.69 miles
-
Spring Creek Barbeque
1.81 miles
-
Freddy's
1.84 miles
-
Spring Green Market H-E-B
0.74 miles
-
Kroger
1.05 miles
-
Walmart Supercenter
1.93 miles
-
Kohl's
2.35 miles
-
ALDI
2.51 miles
-
Grand Parkway H-E-B plus!
2.97 miles
-
Whole Foods Market
3.13 miles
-
H-E-B
3.18 miles
-
Pinch A Penny Pool Patio Spa
3.49 miles
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Target
4.19 miles