CVS Pharmacy – Nacogdoches Road

Price: $4,340,000
Sq. Ft.: 11,200
Cap Rate: 7.25%
Built: 1999
Absolute Net

Marcus & Millichap is pleased to offer the opportunity to acquire an 11,200-square foot freestanding building leased to CVS Pharmacy located in San Antonio, Texas. The absolute net lease has no landlord responsibilities and has a corporate guarantee from a subsidiary of a publicly traded company (NASDAQ: CVS). Two years remain on the primary term, and the tenant has four five-year options for renewal with scheduled rent increases at the beginning of each renewal period. Constructed in 1999, the building is situated on 1.4 acres.

The subject property is located at the signalized, hard corner of Nacogdoches Road and MacArthur View. Cumulative traffic counts are approximately 28,000 vehicles per day. The subject property is directly across the road from a Walmart Neighborhood Market-anchored retail center featuring Dollar Tree, T-Mobile, Pet Supplies Plus, and Great Clips. Douglas MacArthur High School is two blocks north of the property and has a student enrollment of 2,500. San Antonio International Airport is approximately three miles from the subject property. The surrounding area is densely populated, with more than 232,000 residents within five miles and an average household income of $73,000.

  • 11,200-Square-Foot Freestanding CVS Pharmacy in San Antonio, Texas
  • Absolute Net Lease | No Landlord Responsibilities
  • Corporate Guarantee from CVS Pharmacy, Inc. (A Subsidiary of CVS Health Corporation)
  • Publicly Traded Company (NASDAQ: CVS)
  • Two Years Remain on the Primary Term
  • Tenant has Four  Five-Year Renewal Options with Scheduled Rent Bumps
  • Tenant Reports Strong Store Sales
  • Signalized, Hard Corner Location at Nacogdoches Road and MacArthur View
  • Cumulative Traffic Counts are Approximately 28,000 Vehicles per Day
  • Walmart Neighborhood Market-Anchored Retail Center Directly Across the Road
  • Near Douglas MacArthur High School | Enrollment of 2,500 Students
  • Approximately Three Miles from San Antonio International Airport
  • Densely Populated Area with More than 232,000 Residents Within Five Miles