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CVS (Zero Cash Flow)

1101 FM 2181, Corinth, TX 76210

$6,201,522

Cap Rate 0.00%

Views: 61 Updated: 01.26.24 Posted: 12.08.22 Status: Inactive

Summary

Price $6,201,522
Built/Renov 2017
Tenant CVS (Zero Cash Flow)
Cap Rate 0.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,900
Lease Start 09-27-2017
#Units 9,900
Price/SF $480.74
Expiration 01-31-2043
Tenant Type Pharmacy
NOI $0
R. Term 17.10
Ownership Fee Simple
Rent/SF $0.00
Increases 0.0%/0/yrs
Pop 5Mi 134,833
Lot/AC 1.52
Options 10/5yrs
AHHI 5Mi $144,068

Randy Blankstein
The Boulder Group (HQ)
Contact

Jimmy Goodman
The Boulder Group (HQ)
Contact

Lease Highlights

  • CVS has over 20 years remaining on its current lease term with 10 (5-year) option periods to extend
  • Zero cash flow investment property with Paydown/Readvance feature
  • Absolute NNN lease which presents zero landlord responsibilities
  • Guaranteed by corporate investment grade tenant CVS Corporation (NYSE: CVS)

Location Description

This 12,900 square foot CVS is located at a signalized hard corner along Teasley Lane and FM 2181 which hosts a combined traffic count of 35,600+ vehicles per day. Tenants throughout the corridor include 7-Eleven, Sprouts Farmers Market, Kroger, McDonald’s, Walgreens, Starbucks, Wendy’s, Chase Bank, Taco Bell, Wells Fargo, and several others. The subject property is less than one mile east of...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

    • ...

Links

CVS Wikipedia CVS Wikipedia Corinth, Texas Zip Code 76210 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: CVS
  • Guarantor:Corp T and Rated
  • Company:CVS Corporation
  • # Units:9,900
  • Tenant S&P: BBB
  • Moody’s: Baa1
  • Stock: NYSE: CVS

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs...


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Listing Broker

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