1205 US-83, Zapata, TX 78076

Listing agent Blair Rinnier, CCIM, CPM License #MD 514904

Listing office Rinnier Development Company

Listing date Oct 11, 2023

Source Crexi

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Overview

This single-tenant investment property features a bondable absolute net lease, with no landlord responsibilities for the roof or structure. The lease extends to 2045. A strong investment-grade credit tenant, CVS Health (S&P: BBB), occupies the property. The property is located in Zapata, TX. The property is suitable for a 1031 exchange. There is assumable debt with a 3.86% fixed low-interest rate fully amortizing loan that matures in November 2041, or the property can be delivered free and clear without debt. Tax benefits may include annual depreciation, interest expense, and accelerated depreciation via cost segregation study. The property is located in a tax-free state. The loan provides for paydown/readvance to maximize tax-deferred proceeds.

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City

Zapata

County

Zapata

State

Texas

Longitude

-99.271238

Latitude

26.906942

FAQs

What type of property is this?

NNN property - Single tenant CVS investment property with long-term lease.

Where is this nnn property located?

The property is located at 1205 US-83 Zapata, TX.

What is the asking price?

The asking price for this property is $4,415,961.

What are key features of this property?

This property features: Strong investment grade credit: CVS Health (S&P: BBB); Bondable absolute net lease - no landlord responsibility for roof or structure; Long term lease - expires 2045