12381 Bellfort Blvd Meadows Place, TX 77477
- Retail properties
- 13,008 SF
- 1.76 lot acres
Current Use by Public Records
- Retail properties
Property Details for 12381 Bellfort Blvd
- Year built
- 2006
- Lot size
- 1.76 lot acres
- Property size
- 13,008 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 13,008-square-foot CVS Pharmacy in Meadows Place, Texas, within the Houston MSA. The property boasts a 6.50% cap rate and a substantial net operating income (NOI) of $251,835. Situated on a 1.762-acre lot at 12381 W Bellfort Blvd (77477), this single-tenant, absolute NNN lease offers significant advantages. The lease, with a credit-rated tenant, extends to January 31, 2031, providing over 6.2 years of remaining term, plus ten 5-year renewal options. Built in 2006, the property benefits from a high-traffic location along West Belfort Boulevard (33,357 vehicles per day), with proximity to Interstate 69 (282,000 VPD) and the Sam Houston Tollway (125,351 VPD). The surrounding area features a dense residential population (407,499 within five miles) with an average household income of $81,694. Strong neighboring retailers include Sam's Club, Walmart, Chase Bank, and numerous others, solidifying the location's retail strength. The asking price is $3,874,385, translating to $297.85 per square foot. This is a tax-free state investment with a corporate guaranty and no landlord responsibilities. The property's strong tenant, location, and lease terms make it an attractive investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Meadows Place
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5973
- Latitude
- 29.6599
