CVS Pharmacy | NN Lease Investment

$300,000

1909 West Broadway Street, Clarksville, TX 75426

For Sale

Retail Free Standing

Active

Last Updated: 08/14/2024

Details:

Cap Rate: 6%

NOI: $18,000

Building Size: 4,165 sqft

Lot Area: 0.42 acres

Lease Type: Double Net

Year Built: 1990

Offered by

Richard Cole

Associate

Matthews

#376060 (TN)

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Josh Ein

First Vice President

Matthews

#0225242141 (VA) 643676 (MD) SP98371724 (DC)

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Description:

● Low rent - Tenant is paying $4.32/sqft, Market rent is $14.00 PSF
● Low price point - $300,000 for this location individually
● Minimum landlord responsibilities (Roof & Structure)
● Investment grade tenant - CVS is the 6th ranked company in the Fortune 500
● Limited competition - Only national brand pharmacy in a 20 mile radius
● Located in a retail corridor with other national retailers such as Ace Hardware, Dairy Queen, First National Bank & Mcdonalds
● Corner location that sees over 3,600 VPD
● Located in Texas which is a tax free State