Corpus Christi, TX

• This CVS lease has no rent holiday featured and has over 11 years of guaranteed rent before the next option.
• The lease has 10% rental increases at the first 2 (5 year) options.
• CVS is responsible for all of the building and property expenses.
• Located approximately 2.2 miles from Texas A&M University–Corpus Christi, with 10,855 students and employing over 700 faculty and staff.
• Close proximity to Naval Air Station Corpus Christi, the largest employer in the area, providing approximately 5,525 civilian jobs, primarily in flight training operations.
• Positioned along South Alameda Street with visibility to over 36,000 vehicles per day, serving over 193,000 residents within a five-mile radius.
• Close to major hospitals, including Corpus Christi Medical Center-Doctors Regional (250 beds, 0.5 miles), Driscoll Children’s Hospital (225 beds, 0.6 miles), CHRISTUS Spohn Hospital–Shoreline (549 beds, 2.5 miles), and CHRISTUS Spohn Hospital–South (158 beds, 3.6 miles).

We are pleased to offer for sale the CVS Pharmacy property located at 4801 S Alameda Street, Corpus Christi, TX 78412 (“The Property”). This offering represents a secure, passive investment featuring an absolute triple-net (NNN) lease with zero landlord responsibilities. CVS has operated at this location since 1998 and has a firm lease term until 2037 before the 5 (five year) renewal options. The first two options include 10% rental increases.

In 2012, CVS did a rare early 25 year lease extension giving the Property guaranteed income until 2037 showing commitment to the location.

There are 4 major hospitals within 3.5 miles of the Property totaling nearly 1,200 beds bolstering the surrounding employment base.  Nearby hospitals include Corpus Christi Medical Center-Doctors Regional (250 beds and .5 miles away), Driscoll Children’s Hospital (225 beds & .6 miles away), CHRISTUS Spohn Hospital – Shoreline (549 beds & 2.5 miles away) and CHRISTUS Spohn Hospital – South (158 beds & 3.6 miles away).

The surrounding area is further supported by other major employers, including the Naval Air Station Corpus Christi (5,525 civilian employees), Corpus Christi Independent School District (5,178 employees), and CHRISTUS Spohn Health System (5,144 employees), providing strong economic fundamentals and long-term market stability.

The Property is also near several educational institutions, including Texas A&M University–Corpus Christi (approximately 2.2 miles; 10,855 students), Richard King High School (1.5 miles), Cullen Place Elementary (1.2 miles), and Windsor Park Elementary (0.3 miles).