12550 Louetta Road Houston, TX 77429
Absolute NNN lease with CVS Pharmacy in Houston MSA.
Type:Retail
Property size:
12,036 SF- Added:
- Mar 25, 2026
- Days on Market:
- 10
- Last Refresh:
- Mar 18 at 8:47 am
Property Features for 12550 Louetta Road
General Information
- Standard status
- Active
- Size
- 12,036 SF
- Property subtype
- Retail
Listing agent Tony Anderson License #01936642
Listing office CBRE - South Bay
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Overview
CVS Pharmacy NNN Lease Property
This property is subject to an absolute triple net (NNN) lease with CVS Pharmacy, offering zero landlord management responsibilities. The tenant covers property taxes, insurance, all repairs and maintenance, and the roof and structure. Located on the hard, signalized corner of Louetta Rd and N Eldridge Pkwy, the property benefits from high visibility with combined traffic counts of 36,639 vehicles per day. CVS Pharmacy has been operating at this established location since 2002 and extended the lease for 20 years in 2018, with 12.5+ years of term remaining until the lease expires in October 2038, demonstrating their commitment to this property. The lease is corporately guaranteed by CVS Health, the largest retail pharmacy chain in the United States, operating over 9,000 locations and holding a "BBB" investment-grade credit rating from S&P. The property is located in the Houston MSA, the 5th largest MSA in the country, with a population exceeding 7 million people and a GDP of $697 billion in 2023. Situated in Cypress, one of Houston’s largest suburbs, the property benefits from a thriving local economy. The property size is 12,036 square feet.
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Medi Pro International Pharmacy — 27150 US-290 #200, Cypress, TX 77433
- The Body Bakerie — 18423 Burgundy Sky Way, Cypress, TX 77429
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.590504
- Latitude
- 29.996691
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Absolute NNN lease with CVS Pharmacy in Houston MSA.
Where is this drug store located?
The property is located at 12550 Louetta Road Houston, TX.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Absolute triple net (NNN) lease: enjoy zero landlord responsibilities.; Corporate guarantee: lease guaranteed by CVS Health with a "BBB" investment grade credit rating.; Long‑term lease: CVS Pharmacy has over 12.5 years remaining on the lease, expiring in October 2038.
