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CVS Pharmacy (Subleased to Dollar Tree) 118 E Harrison Ave 12,900 SF 4-Star Retail Building Harlingen, TX 78550 $7,639,870 CAD ($592.24 CAD/SF) 9.85% Cap Rate

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INVESTMENT HIGHLIGHTS

2.00 Acre Parcel | Along State Highway 206 (21,800 VPD) | Investment Grade Tenant | Currently Subleased to Dollar Tree
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
Strong Demographics in 5-Mile Trade Area

Near Award Winning Valley Baptist Medical Center (586 Beds)
Strong National/Credit Tenants | Dense Retail Corridor | Direct Residential Consumer Base | Multiple Apartment Complexes

EXECUTIVE SUMMARY

The asset is strategically located at the signalized, hard corner intersection of South Commerce Street and Tyler Avenue which supports more than 30,500 VPD. Furthermore, the site benefits from nearby access to Interstate 69E (96,800 VPD) and Tyler Avenue (21,800 VPD), making this an ideal, centralized location with easy commutes. The property is located less than two miles from Valley Baptist Medical Center, a leading regional healthcare institution with approximately 586 beds, providing full-service acute and specialty care to the Rio Grande Valley. The award-winning hospital has been recognized by the American Heart Association for excellence in stroke care, holds Level II Trauma Center and Robotic Surgery Center of Excellence designations, and is accredited by the American College of Cardiology for its cardiac programs. The asset is in a dense retail corridor and is within close proximity to multiple national/credit tenants including Walmart Supercenter, Sams Club, Target, TJ Maxx, Kohls, H-E-B, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The 5-mile subject trade area is supported by more than 96,000 residents and 37,000 daytime employees who earn affluent average household incomes of more than $75,000.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Building Size

12,900 SF

Building Class

LoopNet Rating

4 Star

Year Built

2009

Price

$7,639,870 CAD

Price Per SF

$592.24 CAD

Cap Rate

9.85%

NOI

$752,628 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

2.00 AC

Zoning

GR - General Retail

Parking

102 Spaces (7.91 Spaces per 1,000 SF Leased)

Frontage

321’ on E Harrison Ave

Corner Lot

Signage

Drive Thru

Retailer
-
-
Jan 0000

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!