8953 Virginia Pky - Drug Store FOR SALE


McKinney, TX 75071
$6,031,000 USD
480-221-4221
8953 Virginia Pky, McKinney, TX for Sale
$6,031,000 USD
Drug Store - FOR SALE
1/9
null | 6.5% Cap Rate

8953 Virginia Pky
McKinney, TX 75071


OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS investment property located in McKinney, Texas. The tenant, CVS Pharmacy, Inc., has approximately 12 years remaining on its lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease features flat rent throughout the initial term and variable increases throughout each option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Seller will provide a credit for rent holiday.

FOR SALE DETAILS

PRICE

$6,031,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 12yrs Corp Abs NNN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,587 SF

ZONING

-

APN/PARCEL ID

R-8312-00A-003R-1

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.