111 E Hidalgo Ave - Drug Store FOR SALE


Raymondville, TX 78580
$4,650,230 USD
918-494-2690
111 E Hidalgo Ave, Raymondville, TX for Sale
$4,650,230 USD
Drug Store - FOR SALE
1/2
null | Request Cap Rate

111 E Hidalgo Ave
Raymondville, TX 78580


HIGHLIGHTS

  • Dominant Retail Pharmacy Brand
  • Investment Grade Guaranty
  • Long Term, Absolute Net Lease
  • Strategic Retail Location
  • Drive-Thru Pharmacy with Limited Competition
  • Zero Cash Flow Structure

OVERVIEW

$1,205,615 Equity Required 25.9% Down Payment CVS Pharmacy is operating under a 25-year base lease term that expires on January 31, 2043, with two 5-year fixed rate renewal options, and eight 5-year FMV renewal options. The absolute net bond lease structure provides for a passive, secure investment with no responsibilities for the Landlord. The lease is guaranteed by CVS Health Corp. (NYSE: CVS). In Association With BJ Feller, TX Lic #766542

FOR SALE DETAILS

PRICE

$4,650,230 USD

PRICE/SF

$389 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

CO

APN/PARCEL ID

16122

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

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