CVS

604 South Main St Winnsboro, TX 75494

CVS

Price $808,000
CAP Rate 6.00%
Lease Term 5+ Years
Net Operating Income (NOI) $48,500

Property Data

Building Size (SF) 4,165
Land Size (AC) 0.70
Year Built1986

Tenant(s) CVS
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 3% Each Option

Options 5 x 2 Yr
Rent Commencement 1/12/2013
Lease Expiration 12/31/2030

Offering Memorandum

Contact Broker

About Property

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