Absolute Net Lease Investment
For Sale
Contact for pricing
Pending
1205 US-83, Zapata, TX 78076
Single tenant CVS investment property with long-term lease.
Days on Market1025
Property Features for 1205 US-83
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Rinnier Development Company
Listed By:
Blair Rinnier, CCIM, CPM · License #MD 514904
Source:
Crexi
Added: Oct 11, 2023
Changed: Jul 10
Last Checked: Jul 30 at 9:22AM
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 Rinnier Development Company
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 78076, TX
13,033
Population
5,684
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
63%
High-School Grad
552.0 sq mi
ZIP Area
24
Density / Sq Mi
$35,763
Median Household Income
$23,900
Median Earnings
$566
Median Rent
$89,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
