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1205 N US Highway 83 Hwy 6,000 SF Retail Building Zapata, TX 78076 $4,415,961 ($735.99/SF) 5% Cap Rate

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EXECUTIVE SUMMARY

Single Tenant Investment
Bondable Absolute Net Lease
No Roof or Structure for Landlord
Assumable Debt or Can be Delivered Free and Clear of Debt
3.86% Fixed Low Interest Rate
Fully Amortizing Loan
Matures Nov. 2041

Strong Investment Grade Credit
CVS Health S&P:BBB
Great Investment for 1031 Exchange
Loan Provides for Paydown/Readvance
to Maximize Tax Deferred Proceeds

Long Term Lease - Expires 2045
Tax benefits may include Annual
Depreciation, Interest Expense and
Accelerated Depreciation via Cost Seg Study

Tax Free State

ATTACHMENTS

CVS-ZCF-ZapataTX

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
6,000 SF
Building Class
B
Year Built
2018
Price
$4,415,961
Price Per SF
$735.99
Cap Rate
5%
NOI
$220,798
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.30 AC
Frontage
126’ on U.S. 83

NEARBY MAJOR RETAILERS

Lowe's Market
Wings To Go
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9618
Land Assessment
$573,632
Improvements Assessment
$390,488
Total Assessment
$964,120
  • Listing ID: 29763204

  • Date on Market: 10/11/2023

  • Last Updated:

  • Address: 1205 N US Highway 83 Hwy, Zapata, TX 78076

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