78003 Archives | Sands Investment Group

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