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Views: 218 DOM: 362 Updated: 10.14.24 Posted: 04.04.24 Status: Active

Summary

Price $6,792,000
Built/Renov 2006
Tenant CVS Pharmacy
Cap Rate 4.41%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,000
Lease Start 01-01-2006
#Units 9,395
Price/SF $522.46
Expiration 01-31-2032
Tenant Type Pharmacy
NOI $299,616
R. Term 6.10
Ownership Fee Simple
Rent/SF $23.05
Increases 0.0%/0/yrs
Pop 5Mi 208,360
Lot/AC 1.95
Options 10/5yrs
AHHI 5Mi $126,919

Lease Highlights

  • CVS has been operating in this location since 2006
  • The tenant has 7+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard corner intersection of Old Settlers Blvd and Chisholm Trail Rd, with access to a combined daily traffic count of 25,790 vehicles. The property is surrounded by well-known national tenants such as McDonald's, Shell, Burger King, Sonic, Starbucks, and more. Additionally, essential medical facilities such as St. David's Round Rock...

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Tenant

  • Tenant: CVS Pharmacy
  • Guarantor:Corp T and Rated
  • Company:CVS Health Corporation
  • # Units:9,395
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,239 86,164 207,933
2023 Total Population : 6,920 82,746 199,257
2023 Employed Civilian Pop : 3,695 43,123 103,988
2023 Total Businesses : 464 3,177 5,611
2023 Average Household Income : $ 149,281 $ 125,395 $ 133,428
2023 Total Consumer Spending : $ 305 M $ 3227 M $ 8179 M
2023 Median Age : 36 35 34
2023 Total Households : 2,415 29,994 71,618
2023 Pop Age 25+: Bachelor's Degree : 1,761 16,754 42,322
2023 Average Home Value : $ 503,050 $ 418,774 $ 434,583
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Chisholm Trl W Old Settler's Blvd 2014 3,973 0.08 mi
Chisholm Trail Rd Wolle Ln 2015 4,235 0.09 mi
West Old Settlers Boulevard I- 35 Svc Rd 2022 25,640 0.12 mi
Chisholm Trl Wolle Ln 2010 2,910 0.14 mi
Chisholm Trail Rd W Old Settler's Blvd 2015 5,472 0.15 mi
Chisholm Trl W Old Settler's Blvd 2010 4,740 0.19 mi
W Old Settler's Blvd Oak Hollow Dr 2003 15,500 0.21 mi
I- 35 Svc Rd W Old Settler's Blvd 2005 12,000 0.34 mi
East Old Settler's Boulevard I- 35 Svc Rd 2020 20,625 0.39 mi
East Old Settlers Boulevard N Mays St 2022 26,623 0.39 mi

Listing Broker

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Haley Nekota

LemRx Realty Advisors

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  • 9 Listings
  • 1662 Views
  • 0 Sold
Dan Lem

LemRx Realty Advisors

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  • 9 Listings
  • 1662 Views
  • 0 Sold

Haley began her real estate career after working in hotel sales for major chains including Noble House Hotels & Hilton for many years and then working as a residential agent serving all of Northern California. In 2019 she transitioned to commercial real estate and began working for LemRx Realty Advisors. She has quickly become an expert in investment purchase and sales of national credit single tenant net leased properties and has expanded into the STNL medical space to focus on the increas

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Since 1986 Dan and his team of seasoned advisors have helped clients develop, buy,sell, finance, or sell/leaseback over $1,000,000,000 (US$ one billion) in real estate including over 120 properties occupied by Walgreens, CVS, or Rite Aid. Dan's clients include institutional and high net worth investors including such celebrity clients as George and Gavin Maloof, owners of the Sacramento Kings and Preston Keogh, son of congressman Eugene Keogh of the "The Keogh Plan". Dan is a CPA and has worked

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