1301 S Cage Blvd - Drug Store FOR SALE


Pharr, TX 78577- East McAllen
$4,200,000 USD
847-722-0865
1301 S Cage Blvd, Pharr, TX for Sale
$4,200,000 USD
Drug Store - FOR SALE
1/5
null | 6% Cap Rate

1301 S Cage Blvd
Pharr, TX 78577
East McAllen


HIGHLIGHTS

  • CORPORATE GUARANTY FROM INVESTMENT-GRADE TENANT
  • ABSOLUTE NNN LEASE
  • LONG-TERM & LOW-RISK INVESTMENT
  • LOCATED ACROSS FROM HIGHLY VISITED H-E-B
  • OVERSIZED PARCEL AT SIGNALIZED INTERSECTION
  • INCOME TAX-FREE STATE

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a CVS Pharmacy in Pharr, TX. This +/- 13,547 SF CVS was originally constructed in 2015 as a built-to-suit for the pharmaceutical industry leading tenant. CVS has over 15 years remaining of their original 25- year lease term, with an additional ten (10) 5-year option periods.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS/pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

CO

APN/PARCEL ID

C9837-00-000-0001-00

ASK ABOUT THIS PROPERTY

Zack HilgendorfAtlantic Capital PartnersMore Info
847-722-0865

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Zack HilgendorfAtlantic Capital PartnersMore Info
847-722-0865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.