1910 W State Highway 46 - Drug Store FOR SALE


New Braunfels, TX 78132- Outer Comal
$8,157,000 USD
407-808-1657
1910 W State Highway 46, New Braunfels, TX for Sale
$8,157,000 USD
Drug Store - FOR SALE
1/8
null | 5.25% Cap Rate

1910 W State Highway 46
New Braunfels, TX 78132
Outer Comal


HIGHLIGHTS

  • Long term single tenant CVS property (18 years remaining)
  • Investment Grade Tenant – CVS boasts an S&P Rating of BBB
  • Absolute NNN – NO LANDLORD MANAGEMENT OBLIGATIONS
  • Hard corner signalized intersection
  • Fixed rental increases in the options
  • Texas has NO STATE INCOME TAX

OVERVIEW

CBRE’s Net Lease Property Group is pleased to present this long term absolute NNN CVS investment property located in New Braunfels, TX which is within the San Antonio/Austin market. The property is directly in the middle of the path of development along the 70 mile stretch between San Antonio and Austin along I-35. This is a highly sought after 1031 exchange property with 18 years remaining on the lease, investment grade credit, fixed rental increases in the options and no landlord management obligations. It’s at the market’s high traffic primary hard corner signalized intersection with over 40K cars daily surrounded by tremendous growth and affluent neighborhoods with average annual household incomes exceeding $150K.

FOR SALE DETAILS

PRICE

$8,157,000 USD

PRICE/SF

$559 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18-Year NNN CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C

APN/PARCEL ID

40-0377-0015-00

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

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