Building Details

Building Size 13,813 SF

Year Built 2004

Tenancy Single

Listing Agency: Encore Real Estate Investment Services m***@encorereis.com Show Phone

Listed By: Michael Gaggo · License #6501381426 Show Phone

Source: Thebrokerlist

Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 11:43PM

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Investment Insights

Based on property information with market context.

The property is a CVS Pharmacy retail asset completed in 2004. Its configuration includes drive-through service and a hard-corner position at a signalized intersection, with five points of ingress and egress. The investment is subject to an absolute NNN lease with more than 15 years remaining on the initial term, and the corporate tenant carries an S&P “BBB+” rating.

Located on Stewart Road and 61st Street in Galveston, the property benefits from exposure to approximately 24,828 VPD on Stewart Road and 23,269 VPD on 61st Street. The combined traffic count exceeds 48,000 vehicles per day. The surrounding retail corridor includes Walgreens, Kroger, Bank of America, KFC, Panda Express, Firestone, Whataburger, and Jack in the Box. More than 58,815 residents live within a 5-mile radius, while Galveston’s tourism, health care, shipping, and financial sectors contribute to the broader commercial setting.

Key Highlights

• Absolute NNN lease with more than 15 years remaining on the initial term
• CVS Pharmacy property completed in 2004 with drive‑through service
• Signalized hard‑corner location with five points of ingress/egress

Property Analytics

Property Profile

Current Use

CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy Buy Bitcoin Crypto Atm UPS Access Point ... Courier Service CDReload at CVS Crypto Atm

Suggested Use

Top Pick Law Firm Dental Office Accounting Firm Grocery & Convenience Store Parking Lot & Garage Hair Salon

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

857

Businesses Nearby

317k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 34% Apparel 24% Shops & Services 21% Groceries 19%

Whataburger Dining

35,554 visits/mo 0.2 miles

Randalls Groceries

35,409 visits/mo 0.5 miles

Spec's Groceries

24,355 visits/mo 0.4 miles

Dollar Tree Shops & Services

23,536 visits/mo 0.3 miles

Ross Dress for Less Apparel

23,494 visits/mo 0.2 miles

Demographics for 77551, TX

22,677

Population

11,184

Households

2

Avg Household Size

42

Median Age

29%

College-Educated

86%

High-School Grad

4.0 sq mi

ZIP Area

5,669

Density / Sq Mi

$59,792

Median Household Income

$33,721

Median Earnings

$1,342

Median Rent

$278,100

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Freestanding pharmacy property with an absolute NNN lease, drive-through service, and a signalized corner position.

Where is this nnn property located?

The property is located at 2326 61st St. Galveston, TX.

What is the asking price?

The asking price for this property is $6,995,000.

What are key features of this property?

This property features: Absolute NNN lease with more than 15 years remaining on the initial term; CVS Pharmacy property completed in 2004 with drive‑through service; Signalized hard‑corner location with five points of ingress/egress