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New
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$599,900

For Sale

2 days ago

MLS® 605481

0 Bed

0 Bath

2801 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 2801 sqft
Garage No
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1958
Avg. Price Per Sqft $214
MLS® Number 605481

Property Address: ste-a-3502 N Laurent St, Victoria, TX, 77901-3833

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number605481
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1958
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$599,900List Price
  • Commute

Commute

Starting Address
Destination Address
3502 N Laurent St, Victoria, TX

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