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Spec's | 11+Yrs Remain Corp Abs NNN 2920 E Southcross Ave 14,600 SF Retail Building San Antonio, TX 78223 $8,030,610 CAD ($550.04 CAD/SF) 7% Cap Rate
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
$8,030,610 CAD
Price Per SF
$550.04 CAD
Cap Rate
7%
NOI
$562,137 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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10146-026-0011 | Improvements Assessment | $4,467,532 CAD |
| Land Assessment | $1,162,178 CAD | Total Assessment | $4,465,321 CAD |
Property Taxes
Parcel Number
10146-026-0011
Land Assessment
$1,162,178 CAD
Improvements Assessment
$4,467,532 CAD
Total Assessment
$4,465,321 CAD
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Spec's | 11+Yrs Remain Corp Abs NNN | 2920 E Southcross Ave
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