1305 W Belt Line Rd - Drug Store FOR SALE
DeSoto, TX 75115 |
$5,611,314 USD
332-345-4222
1305 W Belt Line Rd
DeSoto, TX 75115
HIGHLIGHTS
- Income-Tax Free State | Located In The Dallas-Fort Worth (DFW) Metroplex | 150,000 New Residents In 2023 | Fastest Growing Metro In America
- Affluent Community | Average Household Income Exceeds $98,100 Within A Three-Mile Radius | Strong Demographics
- Strong Real Estate Fundamentals | Signalized Hard Corner Lot | 2.21 Acres | Drive-Thru | Strong Visibility & Access
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a CVS
Pharmacy located at 1305 W Belt Line Rd, DeSoto, TX 75115. The
site consists of roughly 13,813 rentable square feet of building
space on an estimated 2.21-acre parcel of land. This CVS
Pharmacy is subject to a 20-year Triple Net (NNN) lease, which
commenced 11/7/2003. The current annual rent is $392,792 and
has scheduled increases of 1.76% in Option 1, 1.73% in Option 2,
and 1.70% in Option 3.
FOR SALE DETAILS
PRICE
$5,611,314 USD
PRICE/SF
$406 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.21 AC
LAND SF
96,268 SF
ZONING
Z31
APN/PARCEL ID
20032760010010000
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332-345-4222
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332-345-4222
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