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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

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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.

Pharr TX - CVS OM - compressed

PROPERTY FACTS

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,547 SF

Building Class

Year Built

2015

Price

$4,200,000

Price Per SF

$310.03

Cap Rate

NOI

$252,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.76 AC

Zoning

MAJOR TENANTS

Retailer
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CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.