CVS Pharmacy NN Lease Investment Drug Store Texas

Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy NN Lease Located in Bandera, Texas. This Deal Includes Just Under 3 Years Remaining in the Primary Term With a Rare 30% Increase in Its Next Option Period. This Property Provides a New Owner With an Opportunity to Purchase an Essential Business With a Corporate Guarantee and Highly Replaceable Rent.

• Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
• Strong Corporate Guarantee – CVS Health Corp; Reported Revenues of Over $292 Billion For FY 2021
• Multiple 2 Year Options to Extend With Rare Rent Increases, Providing Landlord Leverage Upon Renewal
• Current Annual Rent of $10.43 is Very Replaceable and Below the Chainwide Average, Improving Likelihood of Renewal
• Essential Business Being Offered Well Below Its Replacement Cost
• Full-Service Location With Drive-Thru
• Zero National Competition Within 25-Miles of the Store
• Located Directly Off of S Main Street Which is a Main Retail and Commuter Thoroughfare
• Area Features an Affluent Residential Community With an Average Household Income of Over $75,824 Within a 3-Mile Radius
• Highly Visible Location Seeing Over 6,402 VPD
• Nearby Tenants Include: Burger King, Lowe’s Market, Dollar General, Sonic and Much More

In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481

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