Listed by Encore Real Estate Investment Services
$3,580,000
CVS - Corpus Christi TX
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 11,200
Units 1
Cap Rate 6.24%
NOI $223,500
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Expiration 06/29/2034
Remaining Term 8
Rent Bumps Yes
Lease Options 4 - 5 Year Options
Price per SqFt $320
Year Built 1998
Buildings 1
Stories 1
Acreage 1.460
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/30/1998
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 6.24% CAP | 11,200 SF
Investment highlights
NNN Lease Structure | No Landlord Obligations
Investment Credit Corporate Backed Lease by CVS Health | S&P "BBB" Rated
9 Year Long Term Lease
25 Year Occupancy - Proven Location; Operating Since 1998
Densely Populated | 1 Mile 18,000+ | 3 Mile 120,000+
Drive Thru Equipped at Signalized Intersection w/ High-traffic w/ 24,500+ Vehicles Per Day
Midnight Location & High Performing Store
Less than 2 Miles From Corpus Christi Medical 152 Bed Hospital
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,500.00
$18,625.00/mo
Valuation Metrics
0
DSCR
6.24%
Cap Rate
6.24%
ROI
Map
Zoning
CG-2 CommercialGeneral CommercialGeneral Commercial
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View all 61 uses
View all 61 uses Last updated Apr 8, 2026 For deeper zoning details, reports are available at Zoneomics
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