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2102 Airline Rd
Corpus Christi, TX 78414
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN Lease Structure | No Landlord Obligations
- 9 Year Long Term Lease
- Densely Populated | 1 Mile 18,000+ | 3 Mile 120,000+
- Investment Credit Corporate Backed Lease by CVS Health | S&P "BBB" Rated
- 25 Year Occupancy - Proven Location; Operating Since 1998
- Midnight Location; Busier Site Compared to other CVS’s Nationwide
EXECUTIVE SUMMARY
NNN Lease Structure | No Landlord Obligations
Investment Credit Corporate Backed Lease by CVS Health | S&P "BBB" Rated
9 Year Long Term Lease
25 Year Occupancy - Proven Location; Operating Since 1998
Densely Populated | 1 Mile 17,000+ | 3 Mile 110,000+
High-traffic w/ 24,500+ Vehicles Per Day
Midnight Location; Busier Site Compared to other CVS’s Nationwide
Less than 2 Miles From Corpus Christi 152 Bed Hospital
Investment Credit Corporate Backed Lease by CVS Health | S&P "BBB" Rated
9 Year Long Term Lease
25 Year Occupancy - Proven Location; Operating Since 1998
Densely Populated | 1 Mile 17,000+ | 3 Mile 110,000+
High-traffic w/ 24,500+ Vehicles Per Day
Midnight Location; Busier Site Compared to other CVS’s Nationwide
Less than 2 Miles From Corpus Christi 152 Bed Hospital
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,200 SF
Building Class
B
Year Built
1998
Price
$3,580,000
Price Per SF
$319.64
Cap Rate
6.24%
NOI
$223,392
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.46 AC
Zoning
B-4
Parking
70 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 200095154 | Improvements Assessment | $1,452,969 |
| Land Assessment | $924,043 | Total Assessment | $2,377,012 |
PROPERTY TAXES
Parcel Number
200095154
Land Assessment
$924,043
Improvements Assessment
$1,452,969
Total Assessment
$2,377,012
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