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CVS Pharmacy 9089 Fair Oaks Pky

13,031 SF Retail Building Boerne, TX 78015 $5,310,050 ($407/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • 15 years remain in the original 25-year lease term
  • Excellent Location - Highly Visible and Easily Accessible
  • Affluent Area - $170,364 annual average household income within a 5 mile radius
  • 6 miles to nearest CVS
  • Free Standing Building with Drive Thru

EXECUTIVE SUMMARY

Northmarq, in association with SAR Enterprises, is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the CVS Pharmacy located in Fair Oaks Ranch, Texas (“the Property”). The Property consists of a 12,694 square foot freestanding retail building on a 1.75-acre parcel of land. CVS operates under an absolute NNN lease with over 15 years of lease term remaining, offering a completely hands-off, long-term investment.
The Property is strategically positioned at the high-traffic intersection of I-10 and Fair Oaks Parkway, within a rapidly developing retail corridor. The surrounding area boasts affluent demographics, with an average household income of $178,000 within a 5-mile radius. Fair Oaks Ranch, part of the thriving San Antonio MSA, has seen a 3.93% population increase annually since 2020, highlighting its ongoing growth and appeal. This growth, combined with the San Antonio region’s robust economic expansion, ensures continued demand for retail services.

ATTACHMENTS

Download OM

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,031 SF
Building Class
B
Year Built
2014
Price
$5,310,050
Price Per SF
$407
Cap Rate
6%
NOI
$318,603
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.75 AC
Zoning
Mixed Use Village
Parking
81 Spaces (6.38 Spaces per 1,000 SF Leased)
Frontage
305 FT on Fair Oaks Parkway

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 Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Frost Bank Financial Ctr
Anytime Fitness
CrossFit
Sunbelt Rentals
HOTWORX

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04707-504-0030
Land Assessment
$1,324,880
Improvements Assessment
$1,615,120
Total Assessment
$2,940,000
  • Listing ID: 34491453

  • Date on Market: 5/14/2024

  • Last Updated:

  • Address: 9089 Fair Oaks Pky, Boerne, TX 78015

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