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

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).