Listed by RE/MAX Heritage
$1,200,000
CVS - Odessa
Details
APN 2310012001014000
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 2,195
Net Rentable (SqFt) 2,195
Cap Rate 8.75%
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN+
Remaining Term 6
Broker Co-Op Yes
Year Built 1975
Buildings 1
Stories 1
Acreage 0.150
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition For sale by owner
National Tenant --Corporate Guaranty--8.08% CAP
Marketing description
This offering presents the opportunity to acquire a national tenant with corporate guaranty. It has 5 years remaining on current lease and next 5% rental increase is scheduled for June 2031.
Located in the heart of Odessa’s downtown retail district and has limited competition.
With a strong tenant, passive lease structure, and established location, this asset offers stable returns and long term security.
Listing Contacts
Listed by RE/MAX Heritage
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