Laurel Heights
Avita Pharmacy | Owner-User Opp. | 53% Occupancy | Affluent In-Fill Location | Corporate Guaranty
Marketing description
CBRE Investment Properties has been exclusively retained to offer for sale 2602 N Main (the “Property”), an 8,000 square foot office building in the heart of the affluent neighborhood of Monte Vista in San Antonio, TX. Monte Vista is one of San Antonio’s oldest neighborhoods and is characterized by its distinguished architecture, historic buildings and proximity to downtown.
2602 N Main is 53% occupied and anchored by Avita Pharmacy, which has over 65 locations nationwide and is backed by New York based private equity firm Kinderhook solutions who purchased the pharmacy in 2023. The location has been an operating pharmacy for over 100 years and was originally opened as Laurel Heights Pharmacy in 1923. With 3,750 sf of vacant space, the Property is well suited for an owner-user. 2602 N Main has dominant real estate fundamentals in a highly desirable trade area while providing an investor immediate cash flow stability and significant long-term upside.
Investment highlights
Corporate Guaranty with 100+ Years of Operation at this Location
Avita Pharmacy (formerly known as Laurel Heights Pharmacy since being acquired by Avita Care Solutions in 2023) has occupied this space since 1923 and continues be a neighborhood choice for pharmacy needs. Avita Care Solutions, backed by New York based private equity firm Kinderhook Industries who manages over $5.4B in committed capital, has over 65 locations across the United States and serves more than 145,000 patients annually.
Urban Infill, Trophy Location in the Heart of Monte Vista with Ample Parking
Surrounded by some of San Antonio’s oldest and most well-known establishments such as San Antonio Academy, The Keystone School and La Fonda on Main, and Capparrelli’s on Main, the Property sits in a quaint retail intersection tucked away in the historic Monte Vista neighborhood less than two miles away from
the Historic Pearl. The Property also features a total of 30 parking spaces in a submarket with limited parking availability.
Hard-Corner Location in Desirable Trade Area
2602 N Main is situated at the corner of N Main and E Mistletoe Ave. With 123 feet of frontage on N Main and 132 feet on E Mistletoe, tenants enjoy unobstructed views allowing for maximum exposure.
Owner-User Opportunity
The 3,750 sf of vacant space provides the opportunity for an owner-user to occupy the space and own their own building.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
