CVS Pharmacy 1305 W Belt Line Rd 13,813 SF Retail Building DeSoto, TX 75115 $4,700,000 ($340.26/SF) 8.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Income-Tax Free State | Located In The Dallas-Fort Worth (DFW) Metroplex | 150,000 New Residents In 2023 | Fastest Growing Metro In America
- Strong Real Estate Fundamentals | Signalized Hard Corner Lot | 2.21 Acres | Drive-Thru | Strong Visibility & Access
- Affluent Community | Average Household Income Exceeds $98,100 Within A Three-Mile Radius | Strong Demographics
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 1305 W Belt Line Rd, DeSoto, TX 75115. The site consists of roughly 13,813 rentable square feet of building space on an estimated 2.21-acre parcel of land. This CVS Pharmacy is subject to a 20-year Triple Net (NNN) lease, which commenced 11/7/2003. The current annual rent is $392,792 and has scheduled increases of 1.76% in Option 1, 1.73% in Option 2, and 1.70% in Option 3.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
B
Year Built
2004
Price
$4,700,000
Price Per SF
$340.26
Cap Rate
8.36%
NOI
$392,792
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.21 AC
Zoning
Z31
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20032760010010000 | Improvements Assessment | $793,980 |
| Land Assessment | $1,154,110 | Total Assessment | $1,948,090 |
