2420 W Wheatland Rd - Drug Store FOR SALE


Dallas, TX 75237
$8,523,000 USD
480-221-4221
2420 W Wheatland Rd, Dallas, TX for Sale
$8,523,000 USD
Drug Store - FOR SALE
1/8
null | 5.25% Cap Rate

2420 W Wheatland Rd
Dallas, TX 75237


HIGHLIGHTS

  • Approximately 12 Years Remaining | Options to Extend | Investment Grade Tenant (S&P: BBB) | Corporate Guaranteed Lease
  • Strong National/Credit Tenants | Dense Regional Retail Corridor | Wheatland Towne Crossing (258,000 SF - Power Center )
  • Signalized, Hard Corner Intersection | Interstate 20 (174,400 VPD) | Close Proximity to Multiple Schools/Universities
  • Methodist Charlton Medical Center (300 Beds)
  • Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment grade (S&P: BBB), drive-thru equipped, CVS investment property located in Dallas, Texas. The tenant, CVS Pharmacy, Inc has approximately 12 years remaining in their initial term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed by CVS Caremark Corporation and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in a state with no state income tax. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across the United States and Puerto Rico.

FOR SALE DETAILS

PRICE

$8,523,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Approx 12yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

PD

APN/PARCEL ID

007556000A0020000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.