FORMER CRAWFORD PHARMACY

INVESTMENT HIGHLIGHTS

• Redevelopment Opportunity – The building occupies ±3,000 Square Feet and sits on ±1.16 acres. The estimated market rent is $16-$20/SF, per CoStar analytics. Space previously occupied CVS Pharmacy and currently occupies Crawford Pharmacy until March 31, 2025.
• Proximity to Schools – Nearby schools include Orange Grove High School (558 students), Orange Grove Junior High (400 students), Orange Grove Elementary School (350 students), and Orange Grove Primary School (440 students).
• Future Development Plans – Orange Grove Solar Project by Enbridge Inc. This project is set to generate 130 megawatts (MW) of clean energy to the local grid and will be operational by mid-2025.
• Ideal Investment – Offering price per square foot is $117/SF. The rent per square foot is $12.90/SF, while the market average is $18/SF providing upside to the buyer. The property is also located in an income tax-free state.
• Income Tax-Free State – Subject property is located in the state of Texas, one of nine states that offers no state income tax.
• Kevin Puder and Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)