5600 N 23rd Rd - Drug Store FOR SALE
McAllen, TX 78504 |
5600 N 23rd Rd
McAllen, TX 78504
HIGHLIGHTS
- This store ranks in the top 34% of stores in the state of Texas, according to those tracked on Placer.AI.
- Long Lease Term: ±10 years remaining on the original lease ending in August 2034, with Ten (10), Five (5) year options.
- In less than 1 year, the new landlord will benefit from a 3% rental increase
- Credit Tenant: CVS offers a Corporate Guaranty with an Investment Grade BBB credit rating by Standard & Poor’s and a market cap of ±$93B.
- Bondable-like Lease: This property operates under an absolute NNN lease, providing extremely passive ownership to investors.
- There are more than 251,000 people in a 5-mile radius with an average household income of $73,485 in a 5-mile radius.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS PHARMACY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
13021
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
C9835-00-000-0001-00
