CVS (Zero Cash Flow) 1205 N US Highway 83 Hwy 6,008 SF Retail Building Zapata, TX 78076 $4,046,400 ($673.50/SF) 5.45% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant zero cash flow CVS property located in Zapata, Texas. CVS has successfully operated from this location following the completion of construction in 2019. CVS is operating on a long-term lease that runs through January 2045. The lease is absolute triple net and presents no landlord responsibilities. There are ten 5-year renewal options with various rental escalations. Additionally, the property benefits from its location in Texas, as an income tax free state. This zero cash flow asset features an attractive paydown/readvance structure that is readily assumable, making it ideal for tax-deferred 1031/1033 exchange buyers seeking to precisely match debt and equity requirements.
The 6,008 square-foot building is located at a signalized intersection along US Highway 83 and 13th Avenue, which carries a combined 22,000 vehicles per day. The site benefits from limited pharmacy competition, as the nearest CVS and Walgreens are located roughly 50 miles north in Laredo, Texas. The property is positioned just several blocks from Zapata High School, Middle School, and Elementary School, placing it within close proximity to the area’s student population and daily traffic. Nearby retailers include Tractor Supply Company, Ace Hardware, Dollar General Market, O’Reilly Auto Parts, Burger King, Circle K, and several others. The property also draws from regional tourism activity generated by Falcon Lake (International Falcon Reservoir), a nationally recognized bass fishing destination that brings anglers and tourism revenue to Zapata throughout the year.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical clinics, the CVS Caremark pharmacy benefits manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simplifies healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.