2920 E Southcross Ave - Drug Store FOR SALE


San Antonio, TX 78223- Highland Hills
$5,863,000 USD
480-221-4221
2920 E Southcross Ave, San Antonio, TX for Sale
$5,863,000 USD
Drug Store - FOR SALE
1/9
null | 7% Cap Rate

2920 E Southcross Ave
San Antonio, TX 78223
Highland Hills


HIGHLIGHTS

  • Corporate Guaranteed Lease | 11+ Years Remaining | Excellent Visibility And Access
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • McCreless Corner Shopping Center | Interstate 37 (121,200 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS Pharmacy that is subleased to Spec’s investment property located in San Antonio, Texas. The tenant, CVS, has over 11 years of term remaining and the Spec’s sublease runs through 12/31/2034. CVS corporate guaranties the lease throughout the remainder of the term, providing security and stability to investors. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$5,863,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spec's | 11+Yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

C-2

APN/PARCEL ID

10146-026-0011

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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