CVS Pharmacy | New Braunfels, TX

CBRE’s Net Lease Property Group is pleased to present this long term absolute NNN CVS investment property located in New Braunfels, TX which is within the San Antonio/Austin market.​ The property is directly in the middle of the path of development along the 70 mile stretch between San Antonio and Austin along I-35.​ This is a highly sought after 1031 exchange property with over 18 years remaining on the lease, investment grade credit, fixed rental increases in the options and no landlord management obligations.​ It’s at the market’s high traffic primary hard corner signalized intersection with over 40K cars daily surrounded by tremendous growth and affluent neighborhoods with average annual household incomes exceeding $150K.​

• Long term single tenant CVS property (18 years)

• Investment Grade Tenant – CVS boasts an S&P Rating of BBB

• Absolute NNN – NO LANDLORD MANAGEMENT OBLIGATIONS

• Fixed rental increases in the options

• Located directly in middle of the 70 mile path of development of the I-35 corridor between San Antonio and Austin

• Tremendous growth affluent market with average household incomes exceeding $150K

• Hard corner signalized intersection

• High traffic location with traffic counts at the intersection of over 40,000 cars daily

• Large efficient parcel with excellent exposure and access

• Texas has NO STATE INCOME TAX

• No debt to assume – Able to pay all cash