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Single-Tenant Retail Pharmacy Lease
For Sale
Contact for pricing
Pending

402 College Ave, Levelland, TX 79336

CVS single-tenant property with drive-thru access on a signalized intersection along Levelland’s main retail corridor.

Property Size9,888 SF
Days on Market115

Property Features for 402 College Ave

General Information

Standard status Pending
Size 9,888 SF
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Cushman & Wakefield - San Diego, California
Listed By: Brandon Price · License #CA 01822998
Source: Crexi
Added: Apr 12 Changed: Jul 20 Last Checked: Aug 4 at 12:57PM

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 Cushman & Wakefield - San Diego, California

Investment Insights

Based on property information with market context.

The subject property is a 9,888-square-foot CVS located at a signalized intersection in Levelland, Texas. The site is operated under a new 20-year firm lease term, with the lease running until October 2040. Rent structure includes five percent increases between each of the eight 5-year renewal options. The lease is absolute NNN with zero landlord responsibilities.

The property is positioned along the City’s main traffic and retail corridor at the intersection of College Avenue and 4th Street, with additional accessibility along College Avenue, 4th Street, and 5th Street. The site features a drive-thru.

The surrounding area includes national retailers such as Walmart Supercenter, United Supermarkets, Dollar General, O’Reilly Auto Parts, McDonald’s, and Tractor Supply Co., among others. South Plains College is located one mile south of the property.

Key Highlights

  • 9,888 SF CVS single‑tenant property in Levelland, Texas with drive‑thru access
  • New 20‑year firm lease term in place, running until October 2040
  • Absolute NNN lease with zero landlord responsibilities

Property Analytics

Current Use

CVS Pharmacy Pharmacy CDReload - Online Bitcoin ... Currency Exchange Service Buy Bitcoin Crypto Atm CDReload at CVS Crypto Atm CDReload Instant Bitcoin Crypto Atm

Suggested Use

Top Pick Skin Care Clinic HVAC Service Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

621
Businesses Nearby
129k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 46% Shops & Services 37% Groceries 16% Hotels & Casinos 1%
United Supermarkets Groceries
20,265 visits/mo 0.1 miles
McDonald's Dining
18,787 visits/mo 0.1 miles
Starbucks Dining
8,789 visits/mo 0.3 miles
Taqueria Guadalajara Dining
8,682 visits/mo 0.4 miles
Phillips 66 Shops & Services
8,406 visits/mo 0.1 miles

Demographics for 79336, TX

15,953
Population
6,584
Households
2.4
Avg Household Size
36
Median Age
17%
College-Educated
79%
High-School Grad
482.8 sq mi
ZIP Area
33
Density / Sq Mi
$52,724
Median Household Income
$34,213
Median Earnings
$803
Median Rent
$124,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • CVS Pharmacy 402 College Ave, Levelland, TX 79336
  • United Supermarkets Pharmacy 511 College Ave, Levelland, TX 79336
  • Walmart Pharmacy 407 TX-114, Levelland, TX 79336
  • Travis Kohnhorst 407 TX-114, Levelland, TX 793362629
  • Antonio Silva 402 College Ave, Levelland, TX 793364804

Frequently Asked Questions

What type of property is this?
Drug store - CVS single-tenant property with drive-thru access on a signalized intersection along Levelland’s main retail corridor.
Where is this drug store located?
The property is located at 402 College Ave Levelland, TX.
What are key features of this property?
This property features: 9,888 SF CVS single‑tenant property in Levelland, Texas with drive‑thru access; New 20‑year firm lease term in place, running until October 2040; Absolute NNN lease with zero landlord responsibilities
More about this property
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