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827 E Milam St
Mexia, TX 76667
CVS Pharmacy · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
11,114 SF
Building Class
C
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.32 AC
Zoning
Commercial
Frontage
196’ on Highway 171

ABOUT 827 E MILAM ST , MEXIA, TX 76667

Colliers International is pleased to offer for sale to qualified investors the 100% fee simple interest in a true NNN CVS leased (sublease) pharmacy store located in Mexia, TX. This is an opportunity to acquire the dominant pharmacy in the market. CVS has operated at the site since 2010. The property sits at a lighted intersection with a specific address of 827 East Milam, Mexia, TX 76667 and contains 11,114 sf. The Master Tenant and guarantor is Capview Exchange, LLC (CXL). CXL is the 12th net lease fund created by Capview Partners since 2010. CXL is providing a 20 year lease with zero Landlord responsibilities. The Master Tenant structure eliminates the rent free holiday standard in CVS leases. For additional security, CXL will reserve approximately 1 year’s rent throughout the term of the lease. A detailed explanation of the deal structure follows in the financial section of this offering.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R20720
Land Assessment
$287,100
Improvements Assessment
$1,190,238
Total Assessment
$1,477,338
  • Listing ID: 16856823

  • Date on Market: 8/8/2019

  • Last Updated:

  • Address: 827 E Milam St, Mexia, TX 76667

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