CVS Pharmacy - Net Lease Property for Sale
Austin, TX
Key Investment Metrics
Price
$6,874,000
Cap Rate
5.5%
Net Operating Income
$378,072
Building Size
14698 SF
Lot Size
14,698 SF
Land Area
3.15 Acres
Remaining Term
16.1 years
Lease Expiration
01/31/2042
Lease Term
20.2 years
Lease Commencement
12/03/2021
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2021
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Austin, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 14698 square feet of building space and was built in 2021.
With a cap rate of 5.5%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $6,874,000, making it an attractive option for 1031 exchange investors seeking quality CVS Pharmacy commercial properties.
Why Invest in CVS Pharmacy NNN Properties?
- Stable Income: CVS Pharmacy net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: CVS Pharmacy is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Austin, TX Market Overview
Located in Austin, TX, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Austin area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.