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CVS (subleased to Dollar General) 10001 Custer Rd

12,900 SF Retail Building Plano, TX 75025 $4,500,000 ($349/SF) 8.06% Cap Rate

Investment Highlights

  • Absolute Net Bond Lease | No Landlord Responsibilities
  • Plano is Part of the Dallas Fort-Worth MSA | 4th Largest MSA in The Country | Population Exceeds 7.75M+
  • Located Across the Street From Trails at Creekside Apartment Complex | 444 Luxury Apartment Units | 5.7% Vacancy
  • Texas is a Income Tax-Free State
  • Extremely Affluent Community With Average Household Income Exceeding $154K Within a 3 Mile Radius
  • Surging Population Growth With 4%+ Expected Annual Population Growth Within a 1/3/5 Mile Radius

Executive Summary

Absolute Net Bond Lease | No Landlord Responsibilities Texas is a Income Tax-Free State
Plano is Part of the Dallas Fort-Worth MSA | 4th Largest MSA in The Country | Population Exceeds 7.75M+
Extremely Affluent Community With Average Household Income Exceeding $154K Within a 3 Mile Radius
Located Across the Street From Trails at Creekside Apartment Complex | 444 Luxury Apartment Units | 5.7% Vacancy
Surging Population Growth With 4%+ Expected Annual Population Growth Within a 1/3/5 Mile Radius
Steadily Growing Community | 1/3/5 Mile Population Annual Growth of 4%+ Since 2010
Within 5 Miles of Collin College | Student Enrollment Exceeds 52,812+
Within 3 Miles of Baylor Scott & White Medical Center | 118 Beds
30 Miles Outside of Downtown Dallas
Within 25 Miles of Dallas Fort Worth International Airport
Lease is Corporately Guaranteed by CVS, the largest pharmacy chain in the U.S | S&P “BBB+"
The location is promising with the surrounding areas home value upwards of $416,271 within 10 miles

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2009
Price
$4,500,000
Price Per SF
$349
Cap Rate
8.06%
NOI
$362,785
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.47 AC
Zoning
COMM - Commercial
Parking
80 Spaces (6.2 Spaces per 1,000 SF Leased)
Frontage
299 FT on Custer Road

Amenities

  • Drive Thru
  • Air Conditioning

Nearby Major Retailers

Starbucks
Bank of America
Chili's Grill & Bar
Tokyo Joe's
On The Border Mexican Grill
Patel Brothers
Woodforest National Bank
Premier Martial Arts
  • Listing ID: 27527508

  • Date on Market: 1/17/2023

  • Last Updated:

  • Address: 10001 Custer Rd, Plano, TX 75025

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