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CVS (Zero Cash Flow) 1101 FM 2181 12,983 SF Retail Building Corinth, TX 76210 $6,734,708 CAD ($518.73 CAD/SF) 6.81% Cap Rate
Investment Highlights
- Positioned within the Dallas MSA – Ranked #4 in the United States for population size
- Absolute NNN – No landlord responsibilities
- Located along FM 2181 (20,000 VPD) & proximity to Interstate 35 E (134,000 VPD)
- Income tax free state – Texas
- Long-term lease with 16 years remaining
- 20%+ projected population growth within a 3-mile radius through 2029
Executive Summary
The 12,983 square-foot building is located along FM 2181, which experiences approximately 20,000 vehicles per day, and benefits from close proximity to Interstate 35E with traffic counts of approximately 134,000 vehicles per day, providing strong regional connectivity. The surrounding trade area continues to experience robust growth, with the population within a three-mile radius projected to increase by more than 20% through 2029. There are approximately 139,000 residents within a five-mile radius, supported by an affluent demographic profile with an average household income of approximately $163,000 within three miles. The property is situated near a strong mix of national retailers including 7-Eleven, Scooter’s Coffee, Kroger, Sprouts, Starbucks, Chase Bank, Wells Fargo, AutoZone, and several others. Additionally, the site is located less than one mile from John H. Guyer High School, which enrolls approximately 2,600 students, and approximately two miles west of Lake Dallas High School with enrollment of roughly 1,300 students.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical clinics, the CVS Caremark pharmacy benefits manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simplifies healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Jan 2043
CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 2043 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R697975 | Improvements Assessment | $2,337,942 CAD |
| Land Assessment | $2,257,107 CAD | Total Assessment | $4,595,049 CAD |
Property Taxes
Presented by
CVS (Zero Cash Flow) | 1101 FM 2181
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