We are pleased to offer for sale the CVS Pharmacy property located at 4801 S Alameda Street, Corpus Christi, TX 78412 (“The Property”). This offering represents a secure, passive investment featuring an absolute triple-net (NNN) lease with zero landlord responsibilities. CVS has operated at this location since 1998 and has a firm lease term until 2037 before the 5 (five year) renewal options. The first two options include 10% rental increases.
In 2012, CVS did a rare early 25 year lease extension giving the Property guaranteed income until 2037 showing commitment to the location.
There are 4 major hospitals within 3.5 miles of the Property totaling nearly 1,200 beds bolstering the surrounding employment base. Nearby hospitals include Corpus Christi Medical Center-Doctors Regional (250 beds and .5 miles away), Driscoll Children’s Hospital (225 beds & .6 miles away), CHRISTUS Spohn Hospital – Shoreline (549 beds & 2.5 miles away) and CHRISTUS Spohn Hospital – South (158 beds & 3.6 miles away).
The surrounding area is further supported by other major employers, including the Naval Air Station Corpus Christi (5,525 civilian employees), Corpus Christi Independent School District (5,178 employees), and CHRISTUS Spohn Health System (5,144 employees), providing strong economic fundamentals and long-term market stability.
The Property is also near several educational institutions, including Texas A&M University–Corpus Christi (approximately 2.2 miles; 10,855 students), Richard King High School (1.5 miles), Cullen Place Elementary (1.2 miles), and Windsor Park Elementary (0.3 miles).
Listed in conjunction with Brian Brockman, Bang Realty - Texas Inc, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.