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CVS Pharmacy

1000 East King Avenue, Kingsville, TX, USA
$4,797,506 4.25% Cap 10,908 sq ft Representative Photo Print This Page

Location

1000 East King Avenue, Kingsville, TX, USA

Price: $4,797,506
Cap Rate: 4.25%
Net Operating Income: $203,894
Square Footage: 10,908
Lot Size: 1.33 AC
Year Built: 1998

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeExcellent Access and VisibilityIncome Tax Free StateInvestment Grade CreditS&P Rated BBBZero Landlord Obligations

This is a rare CVS Pharmacy absolute net leased offering. The lease calls for zero landlord obligations. The tenant has six, 5 year options with 5% increases at options. The asset is well situated on a major commercial thoroughfare and is nearby H-E-B Grocery Store, McDonald’s and Whataburger.

Kingsville is located along Highway 77 between Corpus Christi and Harlingen, and is the county seat of Kleberg county. It is part of the Corpus Christi-Kingsville Combined Statistical Area, which has a population of more than 500,000. The city is home to Texas A&M University-Kingsville (9,200 students enrolled) and Naval Air Station Kingsville (NAS Kingsville).

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    presented by

    Kase Abusharkh Founding Principal View profile
    Jacob Abusharkh Managing Principal View profile

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