Drug Store
CVS - 16.5 Yrs Remaining on Lease
745 N Zaragoza Rd, El Paso, TX 79907
Listing Price: $8,286,000
Investment Overview
CVS Health Corporation is an American retail pharmacy and health care company headquartered in Woonsocket, Rhode Island. The company sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo services, seasonal merchandise, greeting cards, and convenience foods. El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States behind Phoenix, Arizona. The city of El Paso, in the far western part of Texas on the Rio Grande, is the sixth-largest in Texas and the largest metro area that runs along the Texas-Mexico border and a top 20 percent U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor undergoing continuous expansion.
CVS - 16.5 Yrs Remaining on Lease
Investment Highlights
- Absolute Triple-Net (NNN) Corporate Lease with 16+ Years Remaining
- 10 Percent Rental Increases in Each Renewal Option Period
- 205,688 Residents within a Five-Mile Radius - Dense El Paso Trade Area
- Bank of America ATM Provides Additional Rental Income to CVS, Reducing CVS' Basis
- Top Performing CVS Location - Per Placer AI, the Subject Property is in the Top 97% in TX and Top 88% in the US
- Outparcel to El Super - Other Tenants in the Center Include McDonald's, KFC, Taco Bell, and Pizza Hut
- High Traffic Location at the Signalized Hard Corner of North Loop Drive and North Zaragoza Road (52,000+ Combined Cars per Day)
- Three Miles from Zaragoza Bridge, a Major Entry Point for Shoppers from Mexico - Total Non-Commercial Vehicle Volume for 2021 Exceeded 2.5 Million (Source: US DOT)
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $8,286,000
Investment Highlights
- Absolute Triple-Net (NNN) Corporate Lease with 16+ Years Remaining
- 10 Percent Rental Increases in Each Renewal Option Period
- 205,688 Residents within a Five-Mile Radius - Dense El Paso Trade Area
- Bank of America ATM Provides Additional Rental Income to CVS, Reducing CVS' Basis
- Top Performing CVS Location - Per Placer AI, the Subject Property is in the Top 97% in TX and Top 88% in the US
- Outparcel to El Super - Other Tenants in the Center Include McDonald's, KFC, Taco Bell, and Pizza Hut
- High Traffic Location at the Signalized Hard Corner of North Loop Drive and North Zaragoza Road (52,000+ Combined Cars per Day)
- Three Miles from Zaragoza Bridge, a Major Entry Point for Shoppers from Mexico - Total Non-Commercial Vehicle Volume for 2021 Exceeded 2.5 Million (Source: US DOT)
Investment Overview
CVS Health Corporation is an American retail pharmacy and health care company headquartered in Woonsocket, Rhode Island. The company sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo services, seasonal merchandise, greeting cards, and convenience foods. El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States behind Phoenix, Arizona. The city of El Paso, in the far western part of Texas on the Rio Grande, is the sixth-largest in Texas and the largest metro area that runs along the Texas-Mexico border and a top 20 percent U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor undergoing continuous expansion.
Exclusively Listed By
Broker of Record
Financing By
