2102 AIRLINE RD Corpus Christi TX 78414-2640

NNN Lease Structure | No Landlord Obligations

Investment Credit Corporate Backed Lease by CVS Health | S&P "BBB" Rated

10.5 Year Long Term Lease

25 Year Occupancy - Proven Location; Operating Since 1998

Densely Populated in 1 & 3 Mile Radius

High-traffic w/ 24,500+ Vehicles Per Day

Midnight Location; Busier Site Compared to other CVS’s Nationwide

Less than 2 Miles From Corpus Christi 152 Bed Hospital

Part of a 2 Unit Portfolio:

With Walgreens Marble Falls TX

https://www.crexi.com/properties/1421959/texas-walgreens-marble-falls-tx-part-of-a-two-unit-portfolio

Gross Price: $9,271,571

Gross Cap: 6.18%

Existing Note: $4,542,705 at 3.80% (Matures 10/30/2029)

Equity Required: $4,728,866

NOI Total $573,500

Existing Annual Debt Service: $275,100

Net Cash Flow: $298,400

Cash on Cash Return: 6.31%

Opportunity to acquire two prime pieces of real estate with investment credit tenant backed leases in state of Texas offering no state income taxes. Both properties are among top performing locations in their chains. They are prototypical free standing drive thru buildings with ease of access for customers located at signalized intersections.