12550 Louetta Rd Houston, TX 77429

ABSOLUTE TRIPLE NET (NNN) LEASE The property is subject to an Absolute Triple Net (NNN) lease with CVS Pharmacy, resulting in zero landlord management responsibilities. The tenant is responsible property taxes, insurance, all repairs & maintenance, and the roof & structure. More Less LONG-TERM OPERATING HISTORY CVS Pharmacy is operating under a long-term lease with 12.5+ years of term remaining which expires in October 2038. Additionally this is an established location for CVS having occupied this site since 2002 and extended the lease for 20 years in 2018 demonstrating their commitment to this property. CORPORATE GUARANTEE FROM INVESTMENT GRADE TENANT The lease is corporately guaranteed by CVS Health the largest retail pharmacy chain in the United States. CVS operates over 9,000 locations and boasts an impressive “BBB” investment grade credit rating from S&P. LOCATED IN HOUSTON MSA Houston is the 5th largest MSA in the country with a population exceeding 7 million people. In 2023 the Houston MSA’s GDP was an impressive 697 billion. Once rural farm land Cypress is now one of Houston’s largest suburbs. with a thriving economy.