For Sale
$808,000

604 Main St Winnsboro, TX 75494

High-Yield Retail Pharmacy in Texas

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 4,165 square foot CVS Pharmacy located at 604 S Main St, Winnsboro, Texas 75494. Built in 1986, this property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $48,500. The asking price is $808,000, translating to a price per square foot of $194. Currently operating at 100% occupancy with a remaining lease term of 6.5 years, this property offers significant stability and predictable cash flow. The tenant, CVS, is a national brand with a strong track record, paying a low rent of $11.64 per square foot. This location benefits from minimal landlord responsibilities and enjoys a prime position in a high-traffic retail corridor on Main Street, experiencing over 7,400 vehicles daily. Furthermore, the property enjoys a competitive advantage as the only national brand pharmacy within a 20-mile radius, ensuring sustained demand and market dominance. This is a rare opportunity to acquire a well-established, high-performing retail asset with significant long-term potential. The property is situated in Wood County, Texas.

Highlights

  • Strong market position: Only national pharmacy within a 20-mile radius.
  • Excellent retail location: Situated in a corridor with other national retailers.
  • High-traffic area: Main Street boasts over 7,400 vehicles daily.
  • Minimal landlord responsibilities.
  • Attractive lease rate: $11.64 per square foot (PSF).

Property Details for 604 Main St

Property type
Retail properties, Drug stores
Square Feet
4,165 SF
Year Built
1986

Location Insight

City
Winnsboro
County
Wood
State
Texas
Latitude
32.9511828
Longitude
-95.2930587

FAQs

What type of property is this?
Retail property - High-Yield Retail Pharmacy in Texas
Where is the retail property located?
The property is located at 604 Main St Winnsboro, TX.
What is the asking price?
The asking price for this property is $808,000.
What are key features of this property?
This property features: Strong market position: Only national pharmacy within a 20-mile radius.; Excellent retail location: Situated in a corridor with other national retailers.; High-traffic area: Main Street boasts over 7,400 vehicles daily.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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604 Main St
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