CVS Pharmacy | Lindale, TX
Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy Double Net Lease Located in Lindale, Texas. This Deal Includes Just Under 2 Years of Term Remaining at a Price Well Below Its Replacement Cost. 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
- Current Annual Rent of $14.43 is Very Replaceable and Below the Chainwide Average, Improving Likelihood of Renewal
- Full-Service Location With Drive-Thru
- Essential Business Being Offered Well Below Its Replacement Cost
- Zero National Competition Within 11-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 $84,237 Within a 3-Mile Radius
- Highly Visible Location Seeing Over 24,230 VPD
- Nearby Tenants Include: AutoZone, Little Caesar’s, O’Reilly Auto Parts, Whataburger, Sonic and Much More
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481
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