1500 Padre Blvd | South Padre Island, TX 78597
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- LoopNet Team
1500 Padre Blvd
South Padre Island, TX 78597
CVS "Midnight Store" · Retail Property For Sale
Investment Highlights
- Absolute Net Bond Lease | Zero Landlord Responsibilities
- The ONLY Retail Pharmacy on South Padre Island - Captive Trade Area
- Located in Texas - Income Tax Free State
- This Location is a Midnight Store - Indicates a Strong Site Due to Extended Business Hours
- Build to Suit for CVS with Approximately 12 Years Remaining on the Lease
- Surrounded by Numerous National Tenants as well as Hotels and Vacation Rentals
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,989 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.15 AC
Zoning
C - Commercial
Parking
48 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 678002-0030-005010 | Improvements Assessment | $759,225 |
| Land Assessment | $1,150,158 | Total Assessment | $1,909,383 |
Property Taxes
Parcel Number
678002-0030-005010
Land Assessment
$1,150,158
Improvements Assessment
$759,225
Total Assessment
$1,909,383
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