Drug Store

CVS | Dallas-Fort Worth MSA | Long Term Absolute Net Lease | Adjacent to Numerous Medical Offices

Listing Price: $7,773,220

Cap Rate
5.00%
Tenant Name
CVS
Years Remaining On Lease
13.40
Gross SF
12,900
Guarantor
Corporate Guarantee
Rentable SF
12,900
Price/Gross SF
$602.58
Lease Type
Absolute Net
Rent Per Square Feet
$30.13

Investment Overview

Forney is a city in Kaufman County, Texas, and has been named by the Texas legislature as the “Antique Capital of Texas”. It is part of the Dallas–Fort Worth metroplex. The Dallas-Fort Worth-Arlington Metropolitan Statistical Area, which is considered to be the fourth most populous Metropolitan area in the US. Dallas is the commercial and cultural hub becoming the center of numerous corporate headquarters and large regional offices. The region’s economy is primarily based on banking, commerce, insurance, telecommunications, technology, energy, healthcare, medical research, transportation and logistics. In 2020, Dallas–Fort Worth is home to 25 Fortune 500 companies, the third largest concentration in the United States.

Investment Highlights

  • Long Term Absolute Net Lease Featuring 5% Rental Increase at Options 1 & 2 and FMV Adjustment for the Remaining. 12 Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Serves Beer & Wine, and Features a Drive-Thru Pharmacy and MinuteClinic. Strong Performing Store per Placer.ai based on Cell Phone Data / Foot Traffic: Ranked Top 20% in the Chain Nationally.
  • Positioned Along Area's Major Retail & Traffic Corridor. Hard Corner Location at a Signalized Intersection - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 19k Vehicles
  • Parent Company is Currently Ranked #7 on the Fortune 500. The CVS/Aetna Merger Potentially Created a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P Investment Grade Credit Rating of "BBB" for the Parent Company.
  • Parent Company is Currently Ranked #7 on the Fortune 500. The CVS/Aetna Merger Potentially Created a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P Investment Grade Credit Rating of "BBB" for the Parent Company.
  • Adjacent to Baylor Scott & White Emergency Center, Texas Health Family Care and many other Medical Offices. Affluent Area - Features an Average Household Income of more than $98k within a 5-Mile Radius.
  • Across from a Walmart Supercenter and Lowe's Anchored Power Center. Near Numerous other National Retailers including Kroger Marketplace, ALDI, Walgreens, Brookshire's and many more.

Exclusively Listed By

Drug Store

CVS | Dallas-Fort Worth MSA | Long Term Absolute Net Lease | Adjacent to Numerous Medical Offices

Listing Price: $7,773,220

Cap Rate
5.00%
Tenant Name
CVS
Years Remaining On Lease
13.40
Gross SF
12,900
Guarantor
Corporate Guarantee
Rentable SF
12,900
Price/Gross SF
$602.58
Lease Type
Absolute Net
Rent Per Square Feet
$30.13

Investment Highlights

  • Long Term Absolute Net Lease Featuring 5% Rental Increase at Options 1 & 2 and FMV Adjustment for the Remaining. 12 Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Serves Beer & Wine, and Features a Drive-Thru Pharmacy and MinuteClinic. Strong Performing Store per Placer.ai based on Cell Phone Data / Foot Traffic: Ranked Top 20% in the Chain Nationally.
  • Positioned Along Area's Major Retail & Traffic Corridor. Hard Corner Location at a Signalized Intersection - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 19k Vehicles
  • Parent Company is Currently Ranked #7 on the Fortune 500. The CVS/Aetna Merger Potentially Created a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P Investment Grade Credit Rating of "BBB" for the Parent Company.
  • Parent Company is Currently Ranked #7 on the Fortune 500. The CVS/Aetna Merger Potentially Created a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P Investment Grade Credit Rating of "BBB" for the Parent Company.
  • Adjacent to Baylor Scott & White Emergency Center, Texas Health Family Care and many other Medical Offices. Affluent Area - Features an Average Household Income of more than $98k within a 5-Mile Radius.
  • Across from a Walmart Supercenter and Lowe's Anchored Power Center. Near Numerous other National Retailers including Kroger Marketplace, ALDI, Walgreens, Brookshire's and many more.

Investment Overview

Forney is a city in Kaufman County, Texas, and has been named by the Texas legislature as the “Antique Capital of Texas”. It is part of the Dallas–Fort Worth metroplex. The Dallas-Fort Worth-Arlington Metropolitan Statistical Area, which is considered to be the fourth most populous Metropolitan area in the US. Dallas is the commercial and cultural hub becoming the center of numerous corporate headquarters and large regional offices. The region’s economy is primarily based on banking, commerce, insurance, telecommunications, technology, energy, healthcare, medical research, transportation and logistics. In 2020, Dallas–Fort Worth is home to 25 Fortune 500 companies, the third largest concentration in the United States.

Exclusively Listed By

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