1101 FM 2181 - Drug Store FOR SALE


Corinth, TX 76210
$4,938,990 USD
847-562-0003
1101 FM 2181, Corinth, TX for Sale
$4,938,990 USD
Drug Store - FOR SALE
1/6
null | 6.81% Cap Rate

1101 FM 2181
Corinth, TX 76210


HIGHLIGHTS

  • Positioned within the Dallas MSA – Ranked #4 in the United States for population size
  • Income tax free state – Texas
  • Absolute NNN – No landlord responsibilities
  • Long-term lease with 16 years remaining
  • Located along FM 2181 (20,000 VPD) & proximity to Interstate 35 E (134,000 VPD)
  • 20%+ projected population growth within a 3-mile radius through 2029

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,938,990 USD

PRICE/SF

$383 USD /SF

CAP RATE

6.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS (Zero Cash Flow)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

C-2

APN/PARCEL ID

R697975

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.