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CVS/pharmacy 1301 S Cage Blvd 13,547 SF Retail Building Pharr, TX 78577 $4,200,000 ($310.03/SF) 6% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM INVESTMENT-GRADE TENANT
- LONG-TERM & LOW-RISK INVESTMENT
- OVERSIZED PARCEL AT SIGNALIZED INTERSECTION
- ABSOLUTE NNN LEASE
- LOCATED ACROSS FROM HIGHLY VISITED H-E-B
- INCOME TAX-FREE STATE
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a CVS Pharmacy in Pharr, TX. This +/- 13,547 SF CVS was originally constructed in 2015 as a built-to-suit for the pharmaceutical industry leading tenant. CVS has over 15 years remaining of their original 25- year lease term, with an additional ten (10) 5-year
option periods.
option periods.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
13,547 SF
Building Class
C
Year Built
2015
Price
$4,200,000
Price Per SF
$310.03
Cap Rate
6%
NOI
$252,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.76 AC
Zoning
CO
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | C9837-00-000-0001-00 | Improvements Assessment | $1,033,835 |
| Land Assessment | $1,509,776 | Total Assessment | $2,543,611 |
Property Taxes
Parcel Number
C9837-00-000-0001-00
Land Assessment
$1,509,776
Improvements Assessment
$1,033,835
Total Assessment
$2,543,611
Contacts
-
Zack Hilgendorf -
Justin Smith -
Nick Hilgendorf -
David Hoppe -
Chris Peterson -
Sam Koonce -
Matt Ericson -
Kendra Doherty -
Atlantic Capital Partners
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CVS/pharmacy | 1301 S Cage Blvd
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