Log In/Sign Up
Your email has been sent.
18-Year NNN CVS 1910 W State Highway 46 14,600 SF Retail Building New Braunfels, TX 78132 $11,386,520 CAD ($779.90 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term single tenant CVS property (18 years remaining)
- Absolute NNN – NO LANDLORD MANAGEMENT OBLIGATIONS
- Fixed rental increases in the options
- Investment Grade Tenant – CVS boasts an S&P Rating of BBB
- Hard corner signalized intersection
- Texas has NO STATE INCOME TAX
EXECUTIVE SUMMARY
CBRE’s Net Lease Property Group is pleased to present this long term absolute NNN CVS investment property located in New Braunfels, TX which is within the San Antonio/Austin market. The property is directly in the middle of the path of development along the 70 mile stretch between San Antonio and Austin along I-35. This is a highly sought after 1031 exchange property with 18 years remaining on the lease, investment grade credit, fixed rental increases in the options and no landlord management obligations. It’s at the market’s high traffic primary hard corner signalized intersection with over 40K cars daily surrounded by tremendous growth and affluent neighborhoods with average annual household incomes exceeding $150K.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,600 SF
Building Class
B
Year Built
2016
Price
$11,386,520 CAD
Price Per SF
$779.90 CAD
Cap Rate
5.25%
NOI
$597,810 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.70 AC
Zoning
C
Parking
73 Spaces (5 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 40-0377-0015-00 | Improvements Assessment | $3,207,089 CAD |
| Land Assessment | $1,292,804 CAD | Total Assessment | $4,499,894 CAD |
PROPERTY TAXES
Parcel Number
40-0377-0015-00
Land Assessment
$1,292,804 CAD
Improvements Assessment
$3,207,089 CAD
Total Assessment
$4,499,894 CAD
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
18-Year NNN CVS | 1910 W State Highway 46
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.