1710 W Gentry Pky - Drug Store FOR SALE
Tyler, TX 75702 |
$2,100,000 USD
214-295-5743
1710 W Gentry Pky
Tyler, TX 75702
HIGHLIGHTS
- Newly-Signed Tenant – The lease is backed by CVS Pharmacy and currently subleased by Dollar General. Dollar General subleased the space in August 2024
- Replaceable Rent – CVS Corporate is paying $14.68/SF at this location. Per CoStar analytics, the estimated market rent is $16 – $19/SF at this locatio
- Redevelopment Project – The property is situated on a large 1.3-acre lot with roughly ±37,756 vehicles per day. The site is zoned for general commerci
- Corporately Guaranteed NNN Lease – The property benefits from a fully guaranteed lease with 5 years remaining from an investment grade tenant with
- Investment Grade Tenant – Investment Grade Rating by Moody’s and the S&P 500. The lease is guaranteed by CVS Health.
- Attractive Demographics – The city of Tyler is the most populous city in Northeast Texas. It has consistently grown with a recent population statistic
FOR SALE DETAILS
PRICE
$2,100,000 USD
PRICE/SF
$209 USD /SF
CAP RATE
6.64%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DARK CVS FOR SALE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,049 SF
ZONING
C-2
APN/PARCEL ID
15000-0066-91-4007010
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214-295-5743
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214-295-5743
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