213 E San Patricio Ave - Freestanding FOR SALE
Mathis, TX 78368 |
$1,110,000 USD
214-295-5743
213 E San Patricio Ave
Mathis, TX 78368
HIGHLIGHTS
- New Lease Extension – CVS Corporate has committed to a 5-year lease extension, accompanied by a 7.5% rent increase, reflecting strong confidence
- Market Dominance – This CVS operates with a significant competitive advantage as the sole major pharmacy chain in the city of Mathis.
- Passive Lease Structure – Landlord responsibilities are limited to the structural elements of the roof and structure.
- Investment Grade Tenant – The lease is backed by CVS Health Corporation, one of the largest pharmacy and healthcare companies in the United States.
- Attractive City Developments – Mathis City Council have recently invested $30 million in capital improvements surrounding the city
FOR SALE DETAILS
PRICE
$1,110,000 USD
PRICE/SF
$144 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,878 SF
ZONING
Commercial
APN/PARCEL ID
41308
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214-295-5743
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214-295-5743
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