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213 E San Patricio Ave
Mathis, TX 78368

$1,188,000 USD

Freestanding For Sale  •  6,500 SF

Property Details

• Property Type Freestanding
• Total Building Size 6,500 SF
• Lot Size 0.64 AC
• Building Class C
• Year Built 2002
• Cap Rate 7.00 %
• Tenancy Single

0 Transit Score

67 Walk Score

Highlights

Ideal 1031 Investment – Currently the lowest priced CVS Pharmacy in an income tax-free state with minimal landlord responsibilities.

In 2020 CVS had executed their first option period from the original lease term, then recently extended their second option until March 31, 2030.

There’s limited competition in the area as this is the only major pharmacy chain in the city of Mathis.

Investment Grade Rating by Moody’s and the S&P 500.

Mathis City Council have recently invested $30 million in capital improvements surrounding the city as they project a strong population growth for th

Cap Rate:

7.00 %

Public Transportation

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