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2920 E Southcross Ave
San Antonio, TX 78223
Spec's | 11+Yrs Remain Corp Abs NNN · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease | 11+ Years Remaining | Excellent Visibility And Access
- McCreless Corner Shopping Center | Interstate 37 (121,200 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS Pharmacy that is subleased to Spec’s investment property located in San Antonio, Texas. The tenant, CVS, has over 11 years of term remaining and the Spec’s sublease runs through 12/31/2034. CVS corporate guaranties the lease throughout the remainder of the term, providing security and stability to investors. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,600 SF
Building Class
B
Year Built
2012
Price
$7,967,817 CAD
Price Per SF
$545.74 CAD
Cap Rate
7%
NOI
$557,742 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.76 AC
Zoning
C-2 - Commercial
Parking
63 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 10146-026-0011 | Improvements Assessment | $4,421,656 CAD |
| Land Assessment | $1,150,244 CAD | Total Assessment | $4,419,468 CAD |
Property Taxes
Parcel Number
10146-026-0011
Land Assessment
$1,150,244 CAD
Improvements Assessment
$4,421,656 CAD
Total Assessment
$4,419,468 CAD
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