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29202115
29202116

934 E Irving Blvd, Irving, TX 75060

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
BH
IN RB25001925
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas
$3,948,000
144 days on market
Updated 86 days ago

CVS Pharmacy

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,908
Cap Rate 6.5%
NOI $256,599
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Term 37.4
Lease Expiration 10/31/2037
Remaining Term 11.4
Year Built 2000
Acreage 1.530
Lease Commencement 06/01/2000

CVS Pharmacy | Top 20% Most Visited CVS in Texas | Investment Grade Tenancy (S&P: BBB)

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 934 East Irving Blvd, Irving, TX 75060 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with approximately 11.6 years of primary term remaining, featuring five five-year renewal options with zero landlord responsibility.

CVS occupies a prime hard corner location at the signalized intersection of Irving Boulevard and Nursery Road in Irving, TX, just 15 minutes west of downtown Dallas. With a long operative history of 28 years, this high-performing store ranks in the top 20% of all CVS locations in the state and within a 50-mile radius. The property enjoys exceptional visibility and access from both Irving Boulevard and Nursery Road (35,000 VPD), with convenient connectivity to I-12 accommodating a combined 135,000 vehicles per day.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.

Listing Contacts

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
BH
IN RB25001925
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$256,599.00
$21,383.25/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Caroline Pinkston
License
601565
Name
Sydney Jackson
License
847636
Brokerage
Jones Lang Lasalle
Brokerage Phone
5126298371
Brokerage Address
2401 Cedar Springs Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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