CVS Pharmacy 111 E Hidalgo Ave 11,945 SF Retail Building Raymondville, TX 78580 $4,650,230 ($389.30/SF)
INVESTMENT HIGHLIGHTS
- Dominant Retail Pharmacy Brand
- Long Term, Absolute Net Lease
- Drive-Thru Pharmacy with Limited Competition
- Investment Grade Guaranty
- Strategic Retail Location
- Zero Cash Flow Structure
EXECUTIVE SUMMARY
$1,205,615 Equity Required
25.9% Down Payment
CVS Pharmacy is operating under a 25-year base lease term that expires on January 31, 2043, with two 5-year fixed rate renewal options, and eight 5-year FMV renewal options. The absolute net bond lease structure provides for a passive, secure investment with no responsibilities for the Landlord. The lease is guaranteed by CVS Health Corp. (NYSE: CVS).
In Association With BJ Feller, TX Lic #766542
25.9% Down Payment
CVS Pharmacy is operating under a 25-year base lease term that expires on January 31, 2043, with two 5-year fixed rate renewal options, and eight 5-year FMV renewal options. The absolute net bond lease structure provides for a passive, secure investment with no responsibilities for the Landlord. The lease is guaranteed by CVS Health Corp. (NYSE: CVS).
In Association With BJ Feller, TX Lic #766542
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,945 SF
Building Class
B
Year Built
2016
Price
$4,650,230
Price Per SF
$389.30
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
CO - Commercial
Parking
46 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16122 | Improvements Assessment | $682,175 |
| Land Assessment | $318,328 | Total Assessment | $1,000,503 |
