CVSpharmacy 1000 East King Avenue, Kingsville, TX, USA CAP RATE 5.62% King County ( Texas, US ) Built

$3,939,964 MXN
Dollars

BAI-MEX Bienes Raíces y Negocios

bai -mex bai -mex +528115997536 (Cell) Request More Info

  • For sale
  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Lot Size: 10908 sq. ft.
  • Year Built: 1998

Description

CVSpharmacy 1000 East King Avenue, Kingsville, TX, U.S.A.

Cap Rate: 5.62%
Net Operating Income: $221,623
Square Footage: 10,908
Lot Size: 1.33 AC
Year Built: 1998

100% Fee Simple Interest Absolute NNN Lease Corporate Guarantee Investment Grade Credit Located on a Major Commercial Thoroughfare Rated Credit S&P Rated BBB Surrounded by Major Retailers Zero Landlord Obligations.

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.

Kingsville is a city in the southern region of the State of Texas and the county seat of Kleberg County. Located on the U.S. Route 77 corridor between Corpus Christi and Harlingen, Kingsville is the principal city of the Kingsville Micropolitan Statistical Area, which is part of the larger Corpus Christi-Kingsville Combined Statistical Area. The population was 26,213 at the 2010 census, and in 2019 the U.S. Census Bureau estimated the population at 25,315.

Price: $3,939,964 USD

For more information:
Javier Tamez Martínez
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.
P2#435108609
top
Information is deemed to be correct but not guaranteed.