CVS

Net Lease

19202 Blanco Road, San Antonio, Texas

Ownership Type:

Fee Simple

Price:

$4,291,000

Cap Rate:

9.00%

Current Rent:

$386,190

Tenancy:

Single Tenant

Lease Type:

Triple Net

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 3.5 years

Renewal Options:

3, 5-year options

Building Sq. Ft.:

13,813 SF

Rent Increases:

1.7% in options

Site Size:

1.62 Acres

Investment Highlights

Investment Grade Tenant: Corporately guaranteed by CVS. CVS is rated BBB in the S&P.
Strong and Affluent Demographics: Average household income is $110,000 within a 3 mile radius.
Strong Surrounding Retail: Nearby retailers include Dunkin, Starbucks, and Whole Foods.
Passive Investment with Zero Landlord Responsibilities: Absolute NNN lease, requiring minimal landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.
Hard Corner Location: Well situated on a large 1.62 acre parcel that sees over 55,000 Vehicles Per Day.

Access Offering Memorandum

Ownership Type:

Fee Simple

Price:

$4,291,000

Cap Rate:

9.00%

Current Rent:

$386,190

Lease Type:

Triple Net

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 3.5 years

Renewal Options:

3, 5-year options

Building Sq. Ft.:

13,813 SF

Rent Increases:

1.7% in options

Site Size:

1.62 Acres

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Davy Turner

Vice President
310.433.5945[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

Download Offering Memorandum

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CVS