Listed by Net Leased Advisors
$6,046,801
CVS PHARMACY | SAN ANTONIO M.S.A.
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,176
Cap Rate 7.34%
NOI $444,123
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/31/2035
Remaining Term 8.6
Lease Options (10) 5-Year Options
Price per SqFt $459
Year Built 2009
Acreage 2.210
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
7.34% GROSS CAP | 9.00% DAY 1 YIELD | ABSOLUTE NET | 8.6 YEARS REMAINING
Marketing description
*Seller to credit 100% of the future free rent period via US Treasuries at closing or cash equivalent ($1,112,108).
$4,936,127 - Net Purchase Price after Rent Credit for Rent Holiday (2/2032 - 1/2035)
Investment highlights
- LONG-TERM LEASE (8.60 YEARS) - Primary Term expires 1/31/2035. CVS has operated from this location since 2009.
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities.
- MINUTE CLINIC - CVS Minute Clinic concept located inside the store.
- HIGH TRAFFIC COUNTS - 27,014 Vehicles Per Day
- EXCELLENT LOCATION - SAN ANTONIO M.S.A. - The property is located at the corner of a signalized intersection adjacent to numerous national credit tenants including Advance Auto Parts, Valero, Walmart, Starbucks, Taco Bell, Subway, Shell, Dairy Queen, Exxon and more.
- STRONG DEMOGRAPHICS - Average Household Income in a 3-mile radius is $133,097 in a population of 203,785 in a 5-mile radius.
- DRIVE THRU PHARMACY
- CORPORATE GUARANTEE - The lease is corporate guaranteed by CVS Health Corporation.
Listing Contacts
Listed by Net Leased Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$444,123.00
$37,010.25/mo
Valuation Metrics
0
DSCR
7.34%
Cap Rate
7.34%
ROI
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