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Drug Store

CVS

1201 N Beach St, Fort Worth, TX 76111

Listing Price: $4,579,000

Cap Rate
5.75%
Tenant Name
CVS
Years Remaining On Lease
5.5
Gross SF
13,050
Guarantor
Corporate Guarantee
Rentable SF
13,050
Price/Gross SF
$350.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.18

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease CVS in Fort Worth, Texas. The property consists of a 13,050-square-foot, freestanding building that sits on approximately 2.55 acres of land. There are approximately 5.7 years remaining on the current lease term, with rental escalations scheduled in the options. The property is located at the signalized hard corner of East Belknap Street and North Beach Street, where combined traffic counts exceed 35,544 vehicles per day. The property has excellent access with 4 points of ingress/egress. The area is extremely dense with more than 232,583 residents within a fi ve-mile radius. Surrounding retailers in the immediate area include El Rancho Supermercado, Domino’s Pizza, Walgreens, O’Reilly Auto Parts, Wingstop, McDonald’s, Taco Bell, Wendy’s, QuikTrip, Whataburger, KFC, Long John Silver’s, Cicis, Family Dollar and many more.

Investment Highlights

  • Recent 5-Year Lease Extension - CVS has Operated at this Location for More than 25 Years
  • Triple-Net Lease with Approximately 5.7 Years Remaining
  • Signalized Hard Corner Location on East Belknap Street and North Beach Street; Combined Traffic Counts Exceed 35,544 Vehicles per Day
  • Large 2.55 Parcel with Four Points of Ingress/Egress
  • Dense Infill Location - More than 355,223 Residents Within a Five-Mile Radius
  • Daytime Population of 203,402, a 52% Increase over the Residential Population
  • Beach Street and Belknap Street Commercial Corridor
  • 1 Mile from the $6.4M Race Street Redevelopment Project in the River East Neighborhood

Exclusively Listed By

Financing By

Listing Price: $4,579,000

Cap Rate
5.75%
Tenant Name
CVS
Years Remaining On Lease
5.5
Gross SF
13,050
Guarantor
Corporate Guarantee
Rentable SF
13,050
Price/Gross SF
$350.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.18

Investment Highlights

  • Recent 5-Year Lease Extension - CVS has Operated at this Location for More than 25 Years
  • Triple-Net Lease with Approximately 5.7 Years Remaining
  • Signalized Hard Corner Location on East Belknap Street and North Beach Street; Combined Traffic Counts Exceed 35,544 Vehicles per Day
  • Large 2.55 Parcel with Four Points of Ingress/Egress
  • Dense Infill Location - More than 355,223 Residents Within a Five-Mile Radius
  • Daytime Population of 203,402, a 52% Increase over the Residential Population
  • Beach Street and Belknap Street Commercial Corridor
  • 1 Mile from the $6.4M Race Street Redevelopment Project in the River East Neighborhood

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease CVS in Fort Worth, Texas. The property consists of a 13,050-square-foot, freestanding building that sits on approximately 2.55 acres of land. There are approximately 5.7 years remaining on the current lease term, with rental escalations scheduled in the options. The property is located at the signalized hard corner of East Belknap Street and North Beach Street, where combined traffic counts exceed 35,544 vehicles per day. The property has excellent access with 4 points of ingress/egress. The area is extremely dense with more than 232,583 residents within a fi ve-mile radius. Surrounding retailers in the immediate area include El Rancho Supermercado, Domino’s Pizza, Walgreens, O’Reilly Auto Parts, Wingstop, McDonald’s, Taco Bell, Wendy’s, QuikTrip, Whataburger, KFC, Long John Silver’s, Cicis, Family Dollar and many more.

Exclusively Listed By

Financing By

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