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CVS Pharmacy 213 E San Patricio Ave

6,500 SF Retail Building Mathis, TX 78368 $1,300,000 ($200/SF) 6.40% Cap Rate

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Investment Highlights

Ideal 1031 Investment – Currently the lowest priced CVS Pharmacy in an income tax-free state with minimal landlord responsibilities.
There’s limited competition in the area as this is the only major pharmacy chain in the city of Mathis.
Mathis City Council have recently invested $30 million in capital improvements surrounding the city as they project a strong population growth for th

In 2020 CVS had executed their first option period from the original lease term, then recently extended their second option until March 31, 2030.
Investment Grade Rating by Moody’s and the S&P 500.

Executive Summary

Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder & Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

6,500 SF

Building Class

Year Built

2002

Price

$1,300,000

Price Per SF

$200

Cap Rate

6.40%

NOI

$83,260

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Land Acres

0.64 AC

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