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6225 Eldorado Pky
Frisco, TX 75033
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease with over 22 years remaining, no rent holiday, and no landlord responsibilities
- Extremely affluent, high growth trade area (population increase of 44% in last 4 years!) with many new residential developments in progress nearby
- Large 1.91 acre lot on the hard corner of the signalized intersection Eldorado Parkway and Frisco Street with multiple points of ingress/egress
- 10% rent increase every 5 years at the start of each renewal option
- Exceptional demographics with average household income over $190,000 and population of 280,500 within 5 miles
- CVS Health Corporation is ranked #5 on the Fortune 500 with 2024 reported revenues of $372.8 billion
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present a recently completed 13,074± square foot freestanding CVS Pharmacy retail store with drive-thru on a 1.91 acre lot in Frisco, Texas (High Growth, Affluent North Dallas Suburb). There are over 21 years of primary term remaining on an absolute NNN lease with no landlord responsibilities and no rent holiday.
The CVS property is located on the busy intersection of Eldorado Parkway and Frisco Street, just east of the Dallas North Tollway (76,685 VPD) in an extremely high growth area of Frisco, Texas with over 44% population growth within 1 mile over the past 4 years. Surrounding demographics are exceptional with average household income of $195,000 and population of 280,500 within 5 miles. The immediate area is a robust retail corridor with the Costco and Home Depot anchored Frisco Trails shopping center across the street, and the Target anchored Parkway Towne Crossing shopping center and the Market Street anchored Eldorado Marketplace shopping center ½ mile to the west. Eldorado Parkway is a major east/west arterial connecting with Little Elm and Lakewood Village to the west, and McKinney and US Highway 75 to the east. Additionally, the CVS property is conveniently located less than 1 mile from the 73-bed Texas Health Hospital Frisco and the new 120,000 sq.ft. multi-specialty UT Southwestern Medical Center.
The CVS property is located on the busy intersection of Eldorado Parkway and Frisco Street, just east of the Dallas North Tollway (76,685 VPD) in an extremely high growth area of Frisco, Texas with over 44% population growth within 1 mile over the past 4 years. Surrounding demographics are exceptional with average household income of $195,000 and population of 280,500 within 5 miles. The immediate area is a robust retail corridor with the Costco and Home Depot anchored Frisco Trails shopping center across the street, and the Target anchored Parkway Towne Crossing shopping center and the Market Street anchored Eldorado Marketplace shopping center ½ mile to the west. Eldorado Parkway is a major east/west arterial connecting with Little Elm and Lakewood Village to the west, and McKinney and US Highway 75 to the east. Additionally, the CVS property is conveniently located less than 1 mile from the 73-bed Texas Health Hospital Frisco and the new 120,000 sq.ft. multi-specialty UT Southwestern Medical Center.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
13,074 SF
Building Class
B
Year Built
2021
Price
$12,719,623 CAD
Price Per SF
$972.89 CAD
Cap Rate
5.50%
NOI
$699,579 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.91 AC
Parking
66 Spaces (5.05 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R-9478-00A-0070-1 | Improvements Assessment | $4,286,294 CAD |
| Land Assessment | $3,044,851 CAD | Total Assessment | $7,331,145 CAD |
PROPERTY TAXES
Parcel Number
R-9478-00A-0070-1
Land Assessment
$3,044,851 CAD
Improvements Assessment
$4,286,294 CAD
Total Assessment
$7,331,145 CAD
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