CVS Pharmacy NNN Property For Sale — San Antonio, TX
Nacogdoches Road and McArthur View, San Antonio, TX unknown
This CVS Pharmacy operates under a long-term triple-net (NNN) lease, offering an investor a secure income stream with no landlord maintenance responsibilities. The tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot. CVS has demonstrated a strong commitment to this location, having operated here since 1999 and recently extending the lease for an additional 15 years with no rent holiday. The lease features attractive fixed rental increases every five years, providing a hedge against inflation. This is a high-volume store situated in a dense retail corridor within San Antonio, the second-largest city in Texas. The property benefits from a strategic corner location with substantial traffic counts and features a drive-through lane, provi…
- Address: Nacogdoches Road and McArthur View, San Antonio, TX unknown
- Asking price $5.77M
- 5.00% cap rate
- NOI $288,680
- 8.6 years remaining
- NNN lease
- Year built: 2000
- Building size: 11,200 SF
- Lot size: 1.37 acres
- Lease expiration: Apr 30, 2035
- Rent increases: 12/01/2019 - 11/30/2024: $288,680.04; 12/01/2029 - 11/30/2029: $294,140.04; 12/01/2029 - 11/30/2034: $299,600.04; 12/01/2034 - 11/30/2039: $305,096.76 (Option 1); …
- Guarantor: Corporate
Location
This CVS Pharmacy property is at Nacogdoches Road and McArthur View in San Antonio, Texas.
Asset type: Retail Pharmacy