CVS Pharmacy Drug
For Sale
Contact for pricing
1500 Padre Blvd, South Padre Island, TX 78597
True triple-net lease with 12.35 years remaining and no landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 1500 Padre Blvd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Gross Income
$648,844
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Oklahoma City
(332) 345-4222
Listed By:
Tim Speck · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Oklahoma City
Investment Insights
Based on property information with market context.
This CVS Pharmacy is located at 1500 Padre Boulevard in South Padre Island, Texas. The property is subject to a true triple-net lease, with the lease structure assigning no landlord responsibilities. The current term has 12.35 years remaining, providing a defined contractual period for the existing arrangement.
The lease includes ten tenant renewal options, each covering five years. If all options are exercised, the total lease term reaches 75 years. The combination of the remaining term, renewal structure, and triple-net framework defines the property’s primary contractual characteristics.
The lease includes ten tenant renewal options, each covering five years. If all options are exercised, the total lease term reaches 75 years. The combination of the remaining term, renewal structure, and triple-net framework defines the property’s primary contractual characteristics.
Key Highlights
- CVS Pharmacy at 1500 Padre Boulevard, South Padre Island, Texas
- 12.35 years remaining on the current lease term
- True triple‑net lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 25%
Hotels & Casinos 5%
McDonald's
Dining
15,701 visits/mo
0.3 miles
Stripes
Shops & Services
9,112 visits/mo
0.3 miles
Denny's
Dining
8,398 visits/mo
0.2 miles
Wingstop
Dining
5,628 visits/mo
0.5 miles
Pizza Hut
Dining
3,409 visits/mo
0.2 miles
Demographics for 78597, TX
2,479
Population
5,895
Households
0.4
Avg Household Size
56
Median Age
53%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
282
Density / Sq Mi
$61,357
Median Household Income
$36,843
Median Earnings
$1,421
Median Rent
$508,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- ShamaMama Healing — LOCATED INSIDE OF ISLA GRAND BEACH RESORT BY APPT ONLY, 500 Padre Blvd, South Padre Island, TX 78597
- TheDermic — 708 Padre Blvd, South Padre Island, TX 78597
- CVS Pharmacy — 1500 Padre Blvd, South Padre Island, TX 78597
- Scott Bonham — 1500 Padre Blvd, South Padre Island, TX 785976726
Frequently Asked Questions
What type of property is this?
Drug store - True triple-net lease with 12.35 years remaining and no landlord responsibilities.
Where is this drug store located?
The property is located at 1500 Padre Blvd South Padre Island, TX.
What are key features of this property?
This property features: CVS Pharmacy at 1500 Padre Boulevard, South Padre Island, Texas; 12.35 years remaining on the current lease term; True triple‑net lease with zero landlord responsibilities
