| Purchase Price | $6,020,000 |
|---|---|
| Annual Rental Income | $321,060 |
| Cap Rate | 5.33% |
| Lease Term | 18 Years |
| City | Cibolo |
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CVS Pharmacy – Cibolo, TX
This CVS Pharmacy in Cibolo, Texas is secured by a long-term absolute triple-net (NNN) lease with CVS Health, a Fortune 500 company and one of the most established and financially secure pharmacy retailers in the country. The investment offers passive, reliable income backed by a national tenant providing essential healthcare and convenience services in a rapidly growing Texas market.
Tenant Overview
CVS Pharmacy is a subsidiary of CVS Health (NYSE: CVS), which operates more than 9,000 retail pharmacy locations across the United States. The company offers a full suite of services including prescription fulfillment, immunizations, over-the-counter medications, front-end convenience items, and expanding healthcare services through in-store MinuteClinics and telehealth integrations. With a reputation for operational reliability and financial strength, CVS continues to lead in essential retail and community healthcare access.
Lease Structure
The lease is structured as an absolute triple-net (NNN), meaning the tenant is responsible for all property-related expenses including real estate taxes, insurance, maintenance, and capital improvements. This structure provides a fully passive investment with predictable income and no landlord management responsibilities. Long-term lease commitments and renewal options further enhance investment security.
Cibolo Market Overview
Cibolo is a high-growth suburb of San Antonio, located in the northeast quadrant of the metro area along the I-35 corridor. The city has seen explosive residential and commercial development over the past decade, driven by its proximity to San Antonio, affordable cost of living, and high quality of life. Cibolo continues to attract families and professionals, making it one of the fastest-growing cities in Texas.
Demographics & Growth Drivers
The population of Cibolo has grown significantly, fueled by in-migration and suburban expansion from San Antonio. The city features strong household incomes, high homeownership rates, and a young, family-oriented population. This demographic profile creates consistent demand for essential services, making CVS a key destination for healthcare and convenience retail.
Community Role & Retail Positioning
CVS plays an essential role in the Cibolo community by offering accessible healthcare and daily necessities. The store draws frequent, repeat visits from residents who rely on it for prescriptions, immunizations, and over-the-counter items. Positioned along a key retail corridor, this CVS benefits from strong visibility, consistent foot traffic, and long-term operational viability.
Tenant Credit & Investment Appeal
CVS Health is an investment-grade, publicly traded company with a long history of stability and performance. Its integration of healthcare delivery into retail pharmacy settings supports long-term relevance in the communities it serves. As a national credit tenant with a passive lease structure, CVS offers investors an ideal combination of income reliability and operational simplicity.
Investment Highlights