CVS

  • $776,000

Overview

  • CVS
    Tenant(s)
  • $776,000
    Price
  • 6.25%
    CAP Rate
  • $48,500
    Net Operating Income (NOI)
  • 5+ Years
    Lease Term
  • 10% Every Five Years
    Increases
  • 1/12/2013
    Rent Commencement
  • Abs. NNN
    Lease Type
  • 12/31/2030
    Lease Expiration
  • 5 x 2 Yr
    Options
  • 4,165
    Building Size (SF)
  • 1986
    Year Built
  • 0.70
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

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 5+Years Remaining. The annual rent is $48,500 with scheduled 3% in each Option Period.

Investment Highlights

  • 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)
  • Dense retail corridor with tenants O’Reilly Auto Parts, Dairy Queen, Valero, McDonalds, Brookshires, Family Dollar, Dollar General, Sonic, Prosperity Bank & more
  • Close proximity to Winnsboro Junior High School with over 361 students and Winnsboro high school with over 515 students
  • Winnsboro, TX is located an hour and a half from downtown Dallas and has grown by 12-13% in the past 10 years

Property Documents

CVS_TX_Winnsboro-OM

Contact Information

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