1202 MAIN ST Bandera TX 78003-3660 APN: 171126

Property History

Property Type

Office

Property Subtype

Medical Office

Marketing Description

Sands Investment Group is Pleased to Present Exclusively For Sale the CVS Pharmacy located at 1202 Main St in Bandera, TX. This Deal Includes Just Under 3 Years Remaining in the Primary Term With a Rare 30% Increase in Its Next Option Period. This Property Provides a New Owner With an Opportunity to Purchase an Essential Business With a Corporate Guarantee and Highly Replaceable Rent.

Investment Highlights

Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
Strong Corporate Guarantee – CVS Health Corp; Reported Revenues of Over $292 Billion For FY 2021
Multiple 2 Year Options to Extend With Rare Rent Increases, Providing Landlord Leverage Upon Renewal
Current Annual Rent of $10.43 is Very Replaceable and Below the Chainwide Average, Improving Likelihood of Renewal
Essential Business Being Offered Well Below Its Replacement Cost
Full-Service Location With Drive-Thru
Zero National Competition Within 25-Miles of the Store
Located Directly Off of S Main Street Which is a Main Retail and Commuter Thoroughfare
Area Features an Affluent Residential Community With an Average Household Income of Over $75,824 Within a 3-Mile Radius
Highly Visible Location Seeing Over 6,402 VPD
Market, Dollar General, Sonic and Much More

Loan History

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Financial History

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Net Operating Income

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Reporting Date

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Tax History

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Contact Information

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