9089 Fair Oaks Pky - Drug Store FOR SALE


Boerne, TX 78015
$5,540,922 USD
781-854-6954
9089 Fair Oaks Pky, Boerne, TX for Sale
$5,540,922 USD
Drug Store - FOR SALE
1/1
null | 5.75% Cap Rate

9089 Fair Oaks Pky
Boerne, TX 78015


HIGHLIGHTS

  • 15 years remain in the original 25-year lease term
  • 6 miles to nearest CVS
  • Excellent Location - Highly Visible and Easily Accessible
  • Free Standing Building with Drive Thru
  • Affluent Area - $170,364 annual average household income within a 5 mile radius

OVERVIEW

Northmarq, in association with SAR Enterprises, is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the CVS Pharmacy located in Fair Oaks Ranch, Texas (“the Property”). The Property consists of a 12,694 square foot freestanding retail building on a 1.75-acre parcel of land. CVS operates under an absolute NNN lease with over 15 years of lease term remaining, offering a completely hands-off, long-term investment. The Property is strategically positioned at the high-traffic intersection of I-10 and Fair Oaks Parkway, within a rapidly developing retail corridor. The surrounding area boasts affluent demographics, with an average household income of $178,000 within a 5-mile radius. Fair Oaks Ranch, part of the thriving San Antonio MSA, has seen a 3.93% population increase annually since 2020, highlighting its ongoing growth and appeal. This growth, combined with the San Antonio region’s robust economic expansion, ensures continued demand for retail services.

FOR SALE DETAILS

PRICE

$5,540,922 USD

PRICE/SF

$425 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

Mixed Use Village

APN/PARCEL ID

04707-504-0030

ASK ABOUT THIS PROPERTY

Joshua DickerNorthmarqMore Info
781-854-6954

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Joshua DickerNorthmarqMore Info
781-854-6954

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