CVS Pharmacy for Sale in Mathis, TX
Mathis, TX
Key Investment Metrics
Price
$1,110,000
Cap Rate
7.5%
Net Operating Income
$83,205
Building Size
7697 SF
Remaining Term
4.2 years
Lease Expiration
03/31/2030
Lease Term
15.1 years
Lease Commencement
03/06/2015
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
2002
Tenancy
Single
Rent Increases
7.5% In Options
Property overview
CVS Pharmacy in Mathis
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,697 SF
- Year built
- 2002
- Lease type
- NN
- Lease expiration
- 03/31/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.