8580 N Macarthur Blvd - Freestanding FOR SALE


Irving, TX 75063
$9,971,000 USD
415-713-8578
8580 N Macarthur Blvd, Irving, TX for Sale
$9,971,000 USD
Freestanding - FOR SALE
1/9
null | 5.45% Cap Rate

8580 N Macarthur Blvd
Irving, TX 75063


HIGHLIGHTS

  • Absolute NNN, corporately guaranteed lease with 16 years remaining (no rent holiday) and 5% rent increases at the start of each of the six 5-year opt.
  • Established pharmacy operation strategically located on the SEC of the busy intersection of N MacArthur Blvd and Valley Ranch Parkway S
  • Outstanding demographics with average household income over $147,000 and over 57,000 population within 3 miles of the property
  • Part of the Valley Ranch master planned community and just east of Cypress Waters – both developments comprise 3,400 acres of mixed use development
  • Nearby industrial tenants include Samsung, Amazon, Nissan Parts Distribution Center, Seko Logistics Aerospace & Aviation, Coca-Cola, and Siemens
  • Across LBJ freeway from Las Colinas - a master-planned community home to the Fortune 500 global headquarters

OVERVIEW

Cushman & Wakefield is pleased to present an established 12,900± square foot freestanding CVS Pharmacy retail store with drive-thru on a 1.66 acre lot in Irving, Texas (Core Dallas Fort Worth Metroplex). There are over 16 years of primary term remaining on an absolute NNN lease with no landlord responsibilities and no rent holiday. The CVS property is strategically located the southeast corner of the busy intersection of N MacArthur Blvd and Valley Ranch Parkway S, just north of Interstate 635 (Lyndon B. Johnson Freeway) with 151,000 VPD, and part of the Valley Ranch development in Irving, TX. The surrounding demographics are outstanding with average household income over $147,000 and over 57,000 population within 3 miles. Valley Ranch is a 2,400-acre master planned community comprised of 4,000 single family homes, 22 multifamily properties, 120 local business, and scenic, landscaped pedestrian pathways along canals and greenbelts in the heart of Dallas/Fort Worth and only 10 minutes from DFW International Airport. The surrounding area has seen rapid recent growth with the adjacent Cypress Waters development - a 1,000-acre master-planned office, retail, and multi-family development. Notable corporations with offices in Cypress Waters include the 7-Eleven Corporate Headquarters, Nokia’s North American Headquarters, Brinker International, Corelogic, Morgan Stanley, and BNSF Logistics. To the south is Las Colinas – another master-planned community with numerous corporate headquarters, luxury hotels, landmark office towers, luxury townhomes, affluent residential neighborhoods, and private country clubs. Las Colinas is home to over 2,000 companies including the Fortune 500 global headquarters for McKesson, ExxonMobil, Kimberly-Clark, Fluor, Celanese, Pioneer Natural Resources and Vistra Energy. Nearby industrial tenants include Samsung, Amazon, Nissan Parts Distribution Center, Seko Logistics Aerospace & Aviation, Coca-Cola, Siemens, and Universal Power Group. Additionally, there are numerous shopping centers in the immediate area anchored by Walmart, Sam’s Club, Target, Kroger, Sprouts, Whole Foods, and Home Depot.

FOR SALE DETAILS

PRICE

$9,971,000 USD

PRICE/SF

$773 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

Z243

APN/PARCEL ID

326077100A2A10000

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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