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213 E San Patricio Ave
Mathis, TX 78368

$1,110,000 USD

Freestanding For Sale  •  7,697 SF

Property Details

• Property Type Freestanding
• Total Building Size 7,697 SF
• Lot Size 0.64 AC
• Building Class C
• Year Built 2002
• Cap Rate 7.50 %
• Tenancy Single
• Zoning Commercial

40 Walk Score

Highlights

New Lease Extension – CVS Corporate has committed to a 5-year lease extension, accompanied by a 7.5% rent increase, reflecting strong confidence

Market Dominance – This CVS operates with a significant competitive advantage as the sole major pharmacy chain in the city of Mathis.

Passive Lease Structure – Landlord responsibilities are limited to the structural elements of the roof and structure.

Investment Grade Tenant – The lease is backed by CVS Health Corporation, one of the largest pharmacy and healthcare companies in the United States.

Attractive City Developments – Mathis City Council have recently invested $30 million in capital improvements surrounding the city

Cap Rate:

7.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
CVS Pharmacy

Public Transportation

Airport	Drive	Walk	Distance
Corpus Christi International	42 min	-	36.0 mi