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CVS 745 N Zaragoza Rd 13,358 SF Retail Building El Paso, TX 79907 $6,560,000 ($491.09/SF) 6% Cap Rate
Investment Highlights
- Benefitting from scarcity as the only CVS location with a 5-mile radius, the Property ranks in the top 89% of CVS locations statewide by foot traffic.
- El Paso serves as the epicenter to a population of 2.5M people, forming the largest bilingual and binational workforce in the Western Hemisphere.
- The area surrounding CVS is comprised of 6.7M square feet of retail, which boasts a 97% occupancy rate.
- CVS is operating under a 25-year Absolute NNN lease with (10) 5-year renewal options, potentially extending the lease through 2089.
- Located just 2.5 miles from the U.S.-Mexico border, the Property benefits from cross-shopping bolstered by both transient consumers and residents.
- The Property is strategically located on a hard corner at the signalized intersection of N Zaragota Rd and N Loop Drive, which see over 56,000 VPD.
Executive Summary
Top Performing CVS | Texas | 13 Yrs Remaining on Absolute NNN Lease | Hard Corner with 56K VPD
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,358 SF
Building Class
C
Year Built
2013
Price
$6,560,000
Price Per SF
$491.09
Cap Rate
6%
NOI
$393,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.32 AC
Zoning
C3 - Commercial District
Parking
60 Spaces (4.88 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | D382-999-0010-0300 | Improvements Assessment | $2,078,925 |
| Land Assessment | $559,853 | Total Assessment | $2,638,778 |
Property Taxes
Parcel Number
D382-999-0010-0300
Land Assessment
$559,853
Improvements Assessment
$2,078,925
Total Assessment
$2,638,778
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CVS | 745 N Zaragoza Rd
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