CVS

3401 W. Walnut Hill, Irving, TX
Deal Type:
Net Lease
Price:
$4,037,400
Cap Rate:
5.35%
Current Rent:
$216,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
6, 5-year options
Building Sq. Ft.:
11,966 SF
Rent Increases:
5% per option
Site Size:
1.59 Acres

Investment Highlights

  • Long-Term Commitment: Absolute NNN Lease Structure with 15+ years remaining, no landlord responsibilities providing passive ownership
  • Location: Positioned at a signalized hard corner in a growing market of Dallas/Fort Worth MSA with average household incomes of $89,000 within 5 miles
  • Low Rent: Annual rental rate is well below the national average for similar drug store assets available
  • Historical Tenancy: The tenant has occupied the property for 20+ years showing a commitment to the local customer base
  • Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P

Listing Agents

owen mcnulty stream capital partners

Owen McNulty

Associate
708 601 3087
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Kyler Bean, TX Lic. #646910

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