224 N Main St
La Feria, TX 78559

Marcus & Millichap’s The Ficke Group is pleased to present the CVS Pharmacy located at 224 N Main Street in La Feria, Texas. The 11,945-square foot drug store was constructed in 2015 an is situated on 1.73 acres of land. This is a great opportunity to buy a long-term CVS ground lease for the price of an average dollar store. This is the lowest priced CVS ground lease currently on the market at a list price of $1,000,000. Newly constructed in 2015 providing owners with over 22-years remaining on the lease. The lease has 5.00% rental escalations in the options periods providing owners with a hedge against inflation. The store is located in La Feria, TX which is position between McAllen and Brownsville, the most populated cities in South Texas. CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. La Feria is a city in Cameron County, Texas, United States. The population was 7,302 at the 2010 census. It is part of the McAllen Edinburg Mission metropolitan areas