213 San Patricio AveMathis, TX 78368

This exceptional investment opportunity presents a fee-simple ownership of a 6,500 square foot CVS Pharmacy in Mathis, Texas. The property boasts a strong 6.40% cap rate, generating a net operating income (NOI) of $83,205 annually. The current lease, a Net Lease (NN+) with a corporate guarantee from CVS Health, commenced March 6, 2015, and extends to March 31, 2030, with five, five-year renewal options. The tenant, a Fortune 500 company, recently exercised an option, extending the lease term and increasing rent by 7.5%, demonstrating a long-term commitment. Located at 213 E San Patricio Ave, Mathis, TX 78368, this single-tenant property benefits from limited competition within the city and enjoys 100% occupancy. The property was renovated in 2002 and is situated in a growing area experiencing significant city improvements, including a $30 million investment in infrastructure and the development of a new rail loop near Interstate 37. This presents a compelling investment opportunity with a strong tenant, favorable lease terms, and significant growth potential in a tax-advantaged location. The property is currently priced at $1,300,000.