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CVS | 12yrs Corp Abs NNN | DriveThru 8953 Virginia Pky 14,391 SF Retail Building McKinney, TX 75071 $8,244,679 CAD ($572.91 CAD/SF) 6.50% Cap Rate
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS investment property located in McKinney, Texas. The tenant, CVS Pharmacy, Inc., has approximately 12 years remaining on its lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease features flat rent throughout the initial term and variable increases throughout each option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Seller will provide a credit for rent holiday.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,391 SF
Building Class
C
Year Built
2011
Price
$8,244,679 CAD
Price Per SF
$572.91 CAD
Cap Rate
6.50%
NOI
$535,922 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.87 AC
Parking
62 Spaces (4.31 Spaces per 1,000 SF Leased)
Frontage
310’ on Virginia Pkwy
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R-8312-00A-003R-1 | Improvements Assessment | $2,571,437 CAD |
| Land Assessment | $2,956,059 CAD | Total Assessment | $5,527,496 CAD |
Property Taxes
Parcel Number
R-8312-00A-003R-1
Land Assessment
$2,956,059 CAD
Improvements Assessment
$2,571,437 CAD
Total Assessment
$5,527,496 CAD
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CVS | 12yrs Corp Abs NNN | DriveThru | 8953 Virginia Pky
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