CVS Pharmacy McKinney,Texas

$7,153,096
Not Available
Property type:Single-Tenant Net Lease

The space

  • Listing Price: $7,153,096
  • NOI: $304,006
  • Cap Rate: 4.25%
  • Lease Type: Triple Net (NNN)
  • Guarantor: Corporate Guarantee
  • Rentable Square Feet: 12,900
  • Lot Size: 1.95 Acres
  • Year Built: 2011

Description

2313 West University Drive
McKinney, Texas 75071

Investment Highlights

  • Long-Term, Triple Net (NNN) Lease With 15 Years Remaining on Base Term
  • No Landlord Responsibilities, Tenant Responsible for Roof and Structure
  • Population Within Five Miles is Over 147,700
  • Affluent Suburban Community With an Average Household Income Over $145,600 Within Five-Miles of Subject Property
  • Major Retail Corridor Off U.S. Highway 75 With Approx. 117,315 Vehicles Daily and Runs Through Downtown Dallas
  • CVS Pharmacy is Currently the Largest Pharmacy Chain in the U.S. by Number of Locations and Total Prescription Revenue | CVS Currently has More Than 9,900 Locations Across the U.S. and Puerto Rico
  • Surrounding National Retailer Include Walmart Supercenter, Costco Wholesale, Lowe’s, The Home Depot, Target, Kroger, Hobby Lobby, Marshall’s, Office Depot, Michael’s, Ross, Best Buy, PetSmart, Petco, Applebee’s, First Watch, McDonald’s, KFC, Arby’s, Wendy’s, Dunkin’, Starbucks, Bank of America, Wells Fargo and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a CVS located in McKinney, TX. This location offers a long-term, triple net lease with 15 years remaining on base term. CVS Pharmacy is currently the largest pharmacy chain in the U.S. by number of locations and total prescription revenue, having more than 9,900 locations across the U.S. and Puerto Rico.

The subject property is located in the Dallas/Fort Worth metropolitan area. The surrounding area offers strong traffic counts & demographics, located in an affluent suburban community with an average household income over $145,600 and a population of over 147,700 within a five-mile radius. This CVS has excellent access and visibility to 49,436 vehicles daily on West University Drive and is within a major retail corridor Off U.S. Highway 75 with approx. 117,315 vehicles daily that runs through Downtown Dallas.

This CVS is located directly across from Collin College, adjacent to Raytheon Technologies Corporation, an aerospace and defense company, and 2.5 miles from Baylor Scott & White Medical Center – McKinney, With 143 Staffed Beds and 183 Doctors. Other surrounding national retailer include Walmart Supercenter, Costco Wholesale, Lowe’s, The Home Depot, Target, Kroger, Hobby Lobby, Marshall’s, Office Depot, Michael’s, Ross, Best Buy, PetSmart, Petco, Applebee’s, First Watch, McDonald’s, KFC, Arby’s, Wendy’s, Dunkin’, Starbucks, Bank of America, Wells Fargo and many more.

Broker of Record:

Tim Speck
Broker of Record
P: (972) 755-5200
Lic #: 9002994

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