Log In/Sign Up
Your email has been sent.
CVS Pharmacy (Subleased to Dollar Tree) 118 E Harrison Ave 12,900 SF 4-Star Retail Building Harlingen, TX 78550 $5,473,000 ($424.26/SF) 9.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 2.00 Acre Parcel | Along State Highway 206 (21,800 VPD) | Investment Grade Tenant | Currently Subleased to Dollar Tree
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
- Strong Demographics in 5-Mile Trade Area
- Near Award Winning Valley Baptist Medical Center (586 Beds)
- Strong National/Credit Tenants | Dense Retail Corridor | Direct Residential Consumer Base | Multiple Apartment Complexes
EXECUTIVE SUMMARY
The asset is strategically located at the signalized, hard corner intersection of South Commerce Street and Tyler Avenue which supports more than 30,500 VPD. Furthermore, the site benefits from nearby access to Interstate 69E (96,800 VPD) and Tyler Avenue (21,800 VPD), making this an ideal, centralized location with easy commutes. The property is located less than two miles from Valley Baptist Medical Center, a leading regional healthcare institution with approximately 586 beds, providing full-service acute and specialty care to the Rio Grande Valley. The award-winning hospital has been recognized by the American Heart Association for excellence in stroke care, holds Level II Trauma Center and Robotic Surgery Center of Excellence designations, and is accredited by the American College of Cardiology for its cardiac programs. The asset is in a dense retail corridor and is within close proximity to multiple national/credit tenants including Walmart Supercenter, Sams Club, Target, TJ Maxx, Kohls, H-E-B, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The 5-mile subject trade area is supported by more than 96,000 residents and 37,000 daytime employees who earn affluent average household incomes of more than $75,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
12,900 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2009
Price
$5,473,000
Price Per SF
$424.26
Cap Rate
9.85%
NOI
$539,163
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.00 AC
Zoning
GR - General Retail
Parking
102 Spaces (7.91 Spaces per 1,000 SF Leased)
Frontage
321’ on E Harrison Ave
AMENITIES
- Corner Lot
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
-
Jan 0000
Dollar Tree is a discount variety store offering a range of everyday household goods including cleaning supplies, groceries, health and beauty items, party supplies, toys, school products, and seasonal décor. As part of a multi-unit national retail chain, this store integrates retail convenience, value pricing, and a consistent product mix alongside its broader corporate network. The brand continues to focus on store network expansion and community accessibility.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Jan 0000 |
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 150001-0010-001000 | Improvements Assessment | $1,345,164 |
| Land Assessment | $696,960 | Total Assessment | $2,042,124 |
PROPERTY TAXES
Parcel Number
150001-0010-001000
Land Assessment
$696,960
Improvements Assessment
$1,345,164
Total Assessment
$2,042,124
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
CVS Pharmacy (Subleased to Dollar Tree) | 118 E Harrison Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.