San Antonio, TX - Spec's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS Pharmacy that is subleased to Spec’s investment property located in San Antonio, Texas. The tenant, CVS, has over 11 years of term remaining and the Spec’s sublease runs through 12/31/2034. CVS corporate guaranties the lease throughout the remainder of the term, providing security and stability to investors. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The site is positioned at the signalized, hard corner intersections of E Southcross & Clark Ave and Goliad Rd, Bill Miller Ln, and Clark Ave, increasing consumer exposure to the asset. Goliad Road is a major retail thoroughfare serving the surrounding trade area. Additionally, the asset is less than 1 mile from Interstate 37 (121,200 VPD), a major retail and commuter thoroughfare serving San Antonio and the surrounding areas. The subject property is located less than a mile from McCreless Corner Shopping Center, which features tenants such as H-E-B, Cinemark, Burlington, Marshalls, Panda Express, AT&T, and more. The asset is in the center of a dense retail corridor with other tenants including Walgreens, Chase Bank, KFC, Bowlero, Pizza Hut, and more. The site is in close proximity to Highland Hills High School, which has a student population of over 1,400. The 5-mile trade area is supported by a population of over 243,700 residents and 127,000 employees with an average household income of $69,198.

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Listing ID: a28TP000002MvsvYAC