CVSPharmacy Absolute NNN Leased Offering 1000 E King Ave, Kingsville, TX Cap Rate 5.75% Kingsville ( Texas, US ) Built

$3,854,313 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 10,908 sq. ft.
  • Development Level: Built
  • Lot Size: 4 acres
  • Year Built: 1998

Description

CVSPharmacy Absolute NNN Leased Offering 1000 E King Ave, Kingsville, TX Cap Rate 5.75%

Cap Rate: 5.75%
NOI: $221,623
Building Size: 10,908 sqft
Lot Area: 1.33 acres
Lease Type: Absolute Net
Year Built: 1998

Precio: $3,854,313 USD

DESCRIPTION
This is a rare CVS/pharmacy absolute net leased offering in Kingsville, TX. The lease calls for zero landlord obligations and comes with a 2.3% rent bump effective June 1, 2023, with two additional increases at the 5-year options: a 10% increase in 2028 and a 2% increase in 2033. The asset is well situated on a major commercial thoroughfare and is nearby H-E-B Grocery Store, McDonald’s and Whataburger.

HIGHLIGHTS
• CVS/Pharmacy Absolute NNN Lease
• Zero Landlord Obligations
• 100% Fee Simple Interest
• S&P Rated BBB Credit Investment Grade
• Surrounded By National Retailers Including Walmart And McDonald’s
• Income Tax Free State

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#442485775
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Information is deemed to be correct but not guaranteed.