CVS | 1372 Belt Line Rd
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CVS 1372 Belt Line Rd
10,908 SF Retail Building Garland, TX 75040 $3,423,694 ($314/SF) 6.25% Cap Rate
Investment Highlights
- TOP PERFORMING CVS WITH LONG OPERATING HISTORY – This location has had a successful operating history since it opened in 2000
- HIGHLY VISIBLE LOCATION – The subject property is ideally located at a signalized intersection along major roadways and has over ±21,500 VPD
- STRONG SALES REPORTING – This location has a history of strong sales reports; $9,381,660 in sales for 2022 and $9,085,061 for 2023.
- ABSOLUTE NNN LEASE – The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
- AFFLUENT SUBMARKET – The average household income in the surrounding 5 miles is over $95,804 per year
- PROXIMITY TO POPULAR RETAILERS – Popular retail destinations in the surrounding area include Dollar Tree, Babe’s Chicken Dinner House, Tanya’s Café,
Executive Summary
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,908 SF
Building Class
B
Year Built
2000
Price
$3,423,694
Price Per SF
$314
Cap Rate
6.25%
NOI
$213,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.26 AC
Zoning
SCA
PROPERTY TAXES
| Parcel Number | 26406600011R10000 | Improvements Assessment | $1,073,510 |
| Land Assessment | $534,790 | Total Assessment | $1,608,300 |
PROPERTY TAXES
Parcel Number
26406600011R10000
Land Assessment
$534,790
Improvements Assessment
$1,073,510
Total Assessment
$1,608,300
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CVS | 1372 Belt Line Rd
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