213 E San Patricio Ave - Freestanding FOR SALE
Mathis, TX 78368 |
$1,300,000 USD
214-295-5743
213 E San Patricio Ave
Mathis, TX 78368
HIGHLIGHTS
- Ideal 1031 Investment – Currently the lowest priced CVS Pharmacy in an income tax-free state with minimal landlord responsibilities.
- In 2020 CVS had executed their first option period from the original lease term, then recently extended their second option until March 31, 2030.
- There’s limited competition in the area as this is the only major pharmacy chain in the city of Mathis.
- Investment Grade Rating by Moody’s and the S&P 500.
- Mathis City Council have recently invested $30 million in capital improvements surrounding the city as they project a strong population growth for th
OVERVIEW
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder & Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
FOR SALE DETAILS
PRICE
$1,300,000 USD
PRICE/SF
$200 USD /SF
CAP RATE
6.4%
% 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
-
APN/PARCEL ID
0839-0022-0009-004
ASK ABOUT THIS PROPERTY
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214-295-5743
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214-295-5743
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