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CVS/pharmacy 1301 S Cage Blvd 13,547 SF Retail Building Pharr, TX 78577 $5,741,610 CAD ($423.83 CAD/SF) 6% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM INVESTMENT-GRADE TENANT
- LONG-TERM & LOW-RISK INVESTMENT
- OVERSIZED PARCEL AT SIGNALIZED INTERSECTION
- ABSOLUTE NNN LEASE
- LOCATED ACROSS FROM HIGHLY VISITED H-E-B
- INCOME TAX-FREE STATE
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a CVS Pharmacy in Pharr, TX. This +/- 13,547 SF CVS was originally constructed in 2015 as a built-to-suit for the pharmaceutical industry leading tenant. CVS has over 15 years remaining of their original 25- year lease term, with an additional ten (10) 5-year
option periods.
option periods.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
13,547 SF
Building Class
C
Year Built
2015
Price
$5,741,610 CAD
Price Per SF
$423.83 CAD
Cap Rate
6%
NOI
$344,497 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.76 AC
Zoning
CO
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | C9837-00-000-0001-00 | Improvements Assessment | $1,411,329 CAD |
| Land Assessment | $2,061,056 CAD | Total Assessment | $3,472,385 CAD |
Property Taxes
Parcel Number
C9837-00-000-0001-00
Land Assessment
$2,061,056 CAD
Improvements Assessment
$1,411,329 CAD
Total Assessment
$3,472,385 CAD
Contacts
-
Zack Hilgendorf -
Justin Smith -
Nick Hilgendorf -
David Hoppe -
Chris Peterson -
Sam Koonce -
Matt Ericson -
Kendra Doherty -
Atlantic Capital Partners
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CVS/pharmacy | 1301 S Cage Blvd
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