3502 N Laurent Street unit: A, Victoria, TX 77901
sale
$599,900
|
Other
Courtesy Of Coldwell Banker - Ron Brown Co
This prime commercial property presents a rare opportunity to acquire a true Absolute NNN leased pharmacy investment secured by a corporate healthcare tenant, Qualthera Health Corporation, operating as Central Drug. The lease runs through September 2034, providing approximately 8+ years of firm term remaining, plus one three-year renewal option. Current rent is strong and with a CPI-U inflation adjustment beginning November 1, 2029, offering built-in income growth tied to the Houston-The Woodlands-Sugar Land index. This is a true zero-landlord-responsibility structure: Tenant pays all real property taxes, insurance, utilities, maintenance, repairs, roof, structure, parking lot, and all capital expenditures, with no rent abatement rights except as expressly provided in the lease. The 2,801 SF building sits on a 0.62-acre hard corner lot in Victoria, Texas, offering excellent visibility, strong traffic exposure, abundant parking, and a newer concrete parking lot. The property has been fully remodeled and is well maintained, with Tenant accepting the premises in "as-is" condition and bearing full repair obligations throughout the term. Pharmacy use is restricted to retail compounding operations, reinforcing long-term healthcare tenancy stability. This asset provides investors with defensive, necessity-based retail income, corporate lease structure, inflation-protected rent growth, and one of the strongest landlord-favorable lease formats available-an ideal opportunity for 1031 exchange or passive income buyers seeking predictable cash flow with minimal management exposure.
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Property Features
- Age: Over 50 Years Old
- Amenities: Disabled Access
- Cooling System: Central Air
- Exterior Type: Frame
- Exterior Type: BrickVeneer
- Exterior Type: LapSiding
- Floor Covering: Vinyl
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 1
- Heating System: Central
- Legal Description: PARKWOOD RESUB #1 LOT 1R BLOCK 4
- MLSID: 605481
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