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Net-lease investment offering

CVS

604 S Main St, Winnsboro, TX

$746,154Asking price
6.50%Capitalization rate
$48,500Net operating income
4.2 YearsTerm remaining
Offering memorandumComplete investment materials
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Teddy Leonard
Teddy LeonardManaging Principal - Austin
Phone(***) ***-0101
Emailt***@stonecliffre.com
Lic # TX: 631339-B
Broker of RecordTeddy LeonardStonecliffTX License No. 631339-B
CVS
Corporate-guaranteed · NN

Offering Details

Investment Economics
Asking Price$746,154
Capitalization Rate6.50%
Net Operating Income$48,500
Lease Profile
Term Remaining4.2 Years
Original Lease Term17 Years
Lease Expiration12/31/2030
Rent Commencement1/12/2013
Rent Increases3% Every Option Period
Roof / StructureRoof & Structure
TenantCVS
Lease TypeNN
GuarantyCorporate
Landlord ResponsibilitiesRoof & Structure
Renewal Options5 x 2 Yr
Property
Property TypePharmacy
Building Area4,165 SF
Land Area0.70 Acres
Year Built1986

Investment Overview

STONECLIFF is pleased to present the exclusive listing for a CVS located at 604 South Main St, Winnsboro, Texas 75494. The site consists of roughly 4,165 rentable square feet of retail space on an estimated 0.70-acre parcel of land. This CVS is subject to a 17-year Absolute Triple Net (NNN) Lease with 4+Years Remaining. The annual rent is $48,500 with scheduled 3% in each Option Period.

  1. 01
    The subject property is located directly off S Main St with vehicle counts exceeding 7,400 VPD. It is just off the signalized intersection of E Coke Rd & S Main St (16,000 VPD)
  2. 02
    Dense retail corridor with tenants O’Reilly Auto Parts, Dairy Queen, Valero, McDonalds, Brookshires, Family Dollar, Dollar General, Sonic, Prosperity Bank & more
  3. 03
    Close proximity to Winnsboro Junior High School with over 361 students and Winnsboro high school with over 515 students
  4. 04
    Winnsboro, TX is located an hour and a half from downtown Dallas and has grown by 12-13% in the past 10 years

Location & Market

Winnsboro, TX · 604 S Main St, Winnsboro, TX

The property is located in Winnsboro, TX. The map and market indicators below summarize regional access, demographics, and surrounding demand drivers.

7,400Vehicles per day
16,000Vehicles per day
361Nearby students
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