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CVS Pharmacy, Marble Falls, TX

CVS Pharmacy

TX, United States

Price $7,966,100
Cap Rate
NOI CALL FOR DETAILS
Lease Term 25 Years
Lease Type
Rental Increases CALL FOR DETAILS
Year Built 2016
Building Size 12,900 sq. ft. with Prescription Drive-Thru
Lot Size 1.47 Acres (64,033 sq. ft.)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

HIGH QUALITY, SINGLE TENANT ABSOLUTE NNN LEASE, WITH RARE FIXED RENTAL INCREASES
» Brand new 25-year lease with five (5) five (5) year option periods
» Rare 5% rental increases in year 11 and at the beginning of each option period
» Absolute NNN lease requires no landlord management or maintenance, making it ideal for a passive investor

NATIONAL TENANT WITH STRONG FINANCIALS
» CVS is rated “BBB+” by Standard & Poor’s and is ranked 10th on the Fortune 500
» CVS is largest retailer of prescription drugs in the U.S.
» Record revenue of $153.3 billion in 2015
» CVS and its affiliates operate over 9,600 locations across the U.S.

PREMIER TEXAS LOCATION
» Located in the heart of the Texas Hill Country, just 45 miles from downtown Austin
» Store is less than five miles from Horseshoe Bay, which features 5,500 planned homes of which 2,300 have been completed
» Horseshoe Bay Resort offers 72 holes of golf, a yacht club, airport jet center, and a 249-room/suite hotel
» Texas is an income tax free state

BRAND NEW BUILDING WITH PRESCRIPTION DRIVE-THRU
» Built to tenant’s exact specifications
» Features the latest CVS design and store concepts
» Features prescription drive-thru, providing convenience to customers

CLICK HERE TO REQUEST OFFERING MEMORANDUM  


Property Description

SOLD

The property is located at the signalized hard corner of U.S. Highway 281 and Gateway North / FM 2147, which have access and visibility to a combined 26,800 vehicles per day. The site benefits from its central location just off of U.S. Highway 281, and is in close proximity to national retailers like Wal-mart, Home Depot, and Starbucks; it is also centrally located between several hotels in the tourism-driven area. The Texas Tech University at Highland Lakes, which has an enrollment of over 35,000 students, is only a short drive away.

The site benefits from its central location in the Highland Lakes region along the Colorado River. Gateway Villas and Gateway Gardens, two housing communities adjacent to the property, serve as a steady customer base. Less than five miles from the property, Horseshoe Bay Resort offers award-winning golf courses, a yacht club, airport jet center, and a 249-room/suite hotel.

Contact Us About This Property

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