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Drug Store

CVS Pharmacy

1484 Ruben M Torres Blvd, Brownsville, TX 78521

Listing Price: $8,416,280

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
13,369
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.48

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1484 Ruben Torres Blvd in Brownsville, Texas. There are currently 13.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $420,814. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Investment Highlights

  • ? Long-Term Absolute Triple Net (NNN) Lease | 13.87 Years Remaining
  • ? CVS Corporate Guaranty | Investment-Grade Credit
  • ? Fee Simple Ownership

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $8,416,280

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
13,369
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.48

Investment Highlights

  • ? Long-Term Absolute Triple Net (NNN) Lease | 13.87 Years Remaining
  • ? CVS Corporate Guaranty | Investment-Grade Credit
  • ? Fee Simple Ownership

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1484 Ruben Torres Blvd in Brownsville, Texas. There are currently 13.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $420,814. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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