NNN Leased Pharmacy Investment

3502 N Laurent St A, Victoria, TX 77901

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For Sale

$599,900

NNN leased pharmacy investment with corporate healthcare tenant.

Type:Commercial

Property size:

2,801 SF

Lot size:

0.62 Acres

Price / SF:

$214/SF

HighLights

Absolute NNN Lease: Enjoy zero landlord responsibilities.
Long‑Term Lease: Benefit from approximately 8+ years remaining on the lease with a corporate healthcare tenant, plus a three‑year renewal option.
Strong Rental Income: Provides predictable cash flow.
Prime Location: Hard corner lot (0.62 acres) in Victoria, Texas, with excellent visibility, strong traffic exposure, and abundant parking.
Corporate Guarantee: Lease secured by a corporate healthcare tenant, offering stability and reliability.
Remodeled and Well‑Maintained: The 2,801 SF building has been fully remodeled and features a newer concrete parking lot.

We can help!

Listing Contact

Jake Truss

Learn more

For Sale

$599,900

NNN leased pharmacy investment with corporate healthcare tenant.

Type:Commercial

Property size:

2,801 SF

Lot size:

0.62 Acres

Price / SF:

$214/SF

Added:: Apr 24, 2026
Days on Market:: 47
Last Refresh:: Apr 24 at 4:26 pm

Property Features for 3502 N Laurent St A

General Information

Standard status: Active
Size: 2,801 SF
Lot size: 0.62 Acres
Property subtype: Commercial

Building Details

Year Built: 1958

We can help!

Listing Contact

Jake Truss

Listing agent Jake Truss License #0730168

Listing office Coldwell Banker - Ron Brown Co

Listing date Apr 24, 2026

Source Elliman

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 Coldwell Banker - Ron Brown Co

HighLights

Absolute NNN Lease: Enjoy zero landlord responsibilities.
Long‑Term Lease: Benefit from approximately 8+ years remaining on the lease with a corporate healthcare tenant, plus a three‑year renewal option.
Strong Rental Income: Provides predictable cash flow.
Prime Location: Hard corner lot (0.62 acres) in Victoria, Texas, with excellent visibility, strong traffic exposure, and abundant parking.
Corporate Guarantee: Lease secured by a corporate healthcare tenant, offering stability and reliability.
Remodeled and Well‑Maintained: The 2,801 SF building has been fully remodeled and features a newer concrete parking lot.

Overview

This commercial property is an Absolute NNN leased pharmacy investment secured by Qualthera Health Corporation, operating as Central Drug. The lease extends through September 2034, with approximately 8 years remaining, and includes one three-year renewal option. The tenant is responsible for all real property taxes, insurance, utilities, maintenance, repairs, roof, structure, parking lot, and capital expenditures, with no rent abatement rights except as expressly provided in the lease. The 2,801 square foot building is situated on a 0.62-acre hard corner lot in Victoria, Texas, offering visibility, traffic exposure, and parking. The property features a concrete parking lot. The property has been remodeled and is well maintained, with the tenant accepting the premises in "as-is" condition and bearing full repair obligations throughout the term. Pharmacy use is restricted to retail compounding operations. The property is located in an area that is somewhat walkable with a walk score of 67 and bikeable with a bike score of 52.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$69.9k	$24.96
− Vacancy	−$3.5k	−$1.25
EGI	$66.4k	$23.71
− OpEx	−$16.6k	−$5.93
NOI	$49.8k	$17.78

2,801 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$711.6K

$622.7K – $830.2K (±1% cap)

NOI $49,813 @ 7.0% cap · market cap 8.30%

Second Best

Retail

$578.2K

$505.9K – $674.6K (±1% cap)

NOI $40,474 @ 7.0% cap · market cap 6.75%

Theoretical Best

Multifamily LT 5

$30.77M

$26.93M – $35.90M (±1% cap)

NOI $2,154,034 @ 7.0% cap · market cap 359.07%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Central Drug Pharmacy Wellness.Balance.You Gym & Fitness Center

Suggested Use

Location Insight

Map
Local Demand

City: Victoria
County: Victoria
State: Texas
Longitude: -96.992173
Latitude: 28.825881

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For sale
NNN properties
TX
Victoria
77901
3502 N Laurent St A

What type of property is this?

NNN property - NNN leased pharmacy investment with corporate healthcare tenant.

Where is this nnn property located?

The property is located at 3502 N Laurent St A Victoria, TX.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Absolute NNN Lease: Enjoy zero landlord responsibilities.; Long‑Term Lease: Benefit from approximately 8+ years remaining on the lease with a corporate healthcare tenant, plus a three‑year renewal option.; Strong Rental Income: Provides predictable cash flow.