The Boulder Group is pleased to exclusively market for sale a single tenant zero cash flow CVS property located in Corinth, Texas within the Dallas MSA. CVS has successfully operated from this location following the completion of construction in 2017. CVS is operating on a long-term lease that runs through January 2043. The lease is absolute triple net and presents no landlord responsibilities. There are ten 5-year renewal options with various rental escalations. Additionally, the property benefits from its location in Texas, as an income tax free state.
The 12,983 square-foot building is located along FM 2181, which experiences approximately 20,000 vehicles per day, and benefits from close proximity to Interstate 35E with traffic counts of approximately 134,000 vehicles per day, providing strong regional connectivity. The surrounding trade area continues to experience robust growth, with the population within a three-mile radius projected to increase by more than 20% through 2029. There are approximately 139,000 residents within a five-mile radius, supported by an affluent demographic profile with an average household income of approximately $163,000 within three miles. The property is situated near a strong mix of national retailers including 7-Eleven, Scooter’s Coffee, Kroger, Sprouts, Starbucks, Chase Bank, Wells Fargo, AutoZone, and several others. Additionally, the site is located less than one mile from John H. Guyer High School, which enrolls approximately 2,600 students, and approximately two miles west of Lake Dallas High School with enrollment of roughly 1,300 students.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical clinics, the CVS Caremark pharmacy benefits manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simplifies healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.