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Views: 119 DOM: 422 Updated: 09.27.24 Posted: 09.26.23 Status: Active

Summary

Price $2,268,600
Built/Renov 2002
Tenant CVS Pharmacy
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,500
Lease Start 01-09-2006
#Units 9,395
Price/SF $181.49
Expiration 01-31-2031
Tenant Type Pharmacy
NOI $170,144
R. Term 6.2
Ownership Fee Simple
Rent/SF $13.61
Increases 11.0%/8/yrs
Pop 5Mi 6,502
Lot/AC 0.42
Options 10/5yrs/11%
AHHI 5Mi $67,350

Lease Highlights

  • CVS has been operating in this location since 2006
  • Tenant currently has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Lease features 11% rental increase during the first option and FMV for remaining options
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by CVS Corporation (NYSE: CVS)

Location Description

This CVS is strategically placed on a hard corner, signalized intersection with easy access from W. Walker and S. Harding Street, which see a combined traffic count of 15,200 vehicles passing by daily. The site benefits from nearby tenants including, Family Dollar, Walmart, United Supermarkets, Dairy Queen and more, creating a strong consumer drive to the trade area. Additionally, there is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,218 5,651 6,428
2023 Total Population : 3,231 5,715 6,502
2023 Employed Civilian Pop : 1,414 2,422 2,825
2023 Total Businesses : 148 358 387
2023 Average Household Income : $ 67,200 $ 66,269 $ 67,350
2023 Total Consumer Spending : $ 77 M $ 136 M $ 160 M
2023 Median Age : 37 37 39
2023 Total Households : 1,287 2,291 2,645
2023 Pop Age 25+: Bachelor's Degree : 254 565 659
2023 Average Home Value : $ 132,497 $ 134,359 $ 149,550
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Walker St S Harvey 2003 15,200 0.26 mi
West Lindsey N Harvey 2021 236 0.30 mi
West Elliott Street S Harvey 2021 1,046 0.32 mi
Walker Street N Oakwood St 2020 13,537 0.35 mi
Walker Street Ridge Rd 2021 14,349 0.35 mi
W Walker St Sunset Blvd 2003 9,800 0.49 mi
W Walker St N Rose Ave 2003 10,800 0.97 mi
Walker Street N Baylor Ave 2021 14,150 1.07 mi
Walker Street Hwy 183 2020 13,349 1.07 mi
South Breckenridge Avenue W Hullum 2021 5,077 1.10 mi

Listing Broker

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