858-414-8051
2129 E Belt Line Rd, Richardson, TX for Sale
Drug Store - FOR SALE
1/2
null | Request Cap Rate

2129 E Belt Line Rd
Richardson, TX 75081


HIGHLIGHTS

  • Second largest employment center in Dallas-Fort Worth with more than 5,000 businesses including State Farm, Raytheon and Texas Instruments.
  • Near Richardson Square, a 516,100 SF center anchored by Super Target, Lowe's and Ross, undergoing an up to $20 million mixed-use redevelopment.
  • Signalized corner of Belt Line Road and Jupiter Road with a combined 63,293 vehicles per day.
  • 366,693 residents within five miles. Average household income of $111,628 within one mile.

OVERVIEW

We are pleased to market for sale the CVS located at 2129 E. Belt Line Road in Richardson, Texas 75081 (the "Property"). The lease terminates January 31, 2029. The Property is currently in a rent holiday period running through the end of the primary term. Upon expiration, the first two renewal options carry a fixed rent of $270,217.32 per year ($20.45 per square foot). The Property sits minutes away from Richardson Square, a 516,100 square foot shopping center anchored by Super Target, Lowe's, Ross Dress for Less and Chick-fil-A. Richardson Square is being redeveloped into a mixed-use retail destination by The Retail Connection, bringing new retail and restaurant tenants to the intersection. Additional surrounding retailers include Burlington, ALDI, Harbor Freight and Dollar Tree. The building contains 13,216 square feet at the southeast corner of Belt Line Road and Jupiter Road, a signalized intersection carrying a combined 63,293 vehicles per day. Richardson is the second largest employment center in Dallas-Fort Worth, with more than 5,000 businesses operating within the city's 28 square miles. The city is home to the headquarters of Lennox International (NYSE: LII, S&P 500) and Fossil Group, along with major operations of Fortune 500 companies including State Farm, RTX, Texas Instruments, AT&T and Cisco Systems. Listed in conjunction with Brian Brockman, Bang Realty - Texas Inc, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dallas MSA CVS | $20M Redevelopment | 63K VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

LR, Richardson

APN/PARCEL ID

421067000A01A0000

ASK ABOUT THIS PROPERTY

Sean DanPharma Property Group- Drugstore SpecialistsMore Info
858-414-8051

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Sean DanPharma Property Group- Drugstore SpecialistsMore Info
858-414-8051

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