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34215953
34215937

100 E MAIN ST, MIDLOTHIAN, TX 76065-3063 For Sale

DW
MI MI 6501339495
Marcus & Millichap - Detroit
JK
MI 6501421311
Marcus & Millichap - Detroit
GO
MI 6501466010
Marcus & Millichap - Detroit
Listed by Marcus & Millichap - Detroit
$5,281,000
11 days on market
Updated 4 days ago

CVS Ground Lease

Details
APN 215937
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,000
Net Rentable (SqFt) 14,000
Units 1
Cap Rate 5%
NOI $264,079
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 31.1
Lease Expiration 08/31/2035
Remaining Term 9.1
Rent Bumps No
Lease Options None
Price per SqFt $377
Broker Co-Op True
Year Built 2000
Stories 1
Acreage 2.960
Tenant Credit Credit Rated
Lease Commencement 08/01/2004
Ground Lease Yes

CVS Ground Lease | 1.5% Rent-to-Sales | Below Market Rent

Marketing description

Marcus & Millichap is pleased to present a single-tenant net-leased CVS Pharmacy ground lease located at 100 East Main Street in Midlothian, Texas. The property has excellent ingress & egress on a hard-corner position at the signalized intersection of East Main Street (U.S. Highway 287 Business) and South 9th Street, the principal commercial spine of Midlothian, capturing both regional commuter traffic moving along the U.S. 287 corridor between Fort Worth and Waxahachie and significant local demand from the surrounding residential and retail base. The location benefits from direct frontage, signalized access, and strong visibility within the city’s core retail district.

The site sits within Midlothian’s primary trade area, one of the most rapidly growing submarkets in the southern sector of the Dallas–Fort Worth Metroplex — the fourth-largest metropolitan area in the United States, with approximately 7.8 million residents. Midlothian’s population has grown more than 36% since 2020 and continues to expand at roughly 4.63% annually, fueled by major master-planned communities including BridgeWater, a $950 million development underway along the U.S. 287 corridor, and MidTowne, a 131-acre community in the heart of the city.

CVS occupies the property under an Absolute-Net ground lease, providing investors with a passive, management-free ownership opportunity and minimal landlord responsibilities. CVS Health is one of the largest integrated healthcare and retail pharmacy companies in the United States and the nation’s second-largest healthcare company. The company operates more than 9,000 retail pharmacy locations nationwide and generated approximately $402 billion in total revenue in fiscal year 2025, supported by a vertically integrated platform spanning retail pharmacy, pharmacy benefit management through CVS Caremark, health insurance through Aetna, and care delivery through MinuteClinic and Oak Street Health. As an essential, recession-resistant tenant operating at a long-tenured location open since 2004, CVS represents one of the most sought-after credit tenants in the single-tenant net lease sector.

Investment highlights

  • 1.50% Rent-to-Sales Ratio | Contact Broker For Details
  • Absolute Net Ground Lease | Zero Landlord Responsibilities
  • Below Market Rent | $18.86 Rent/SF
  • 9+ Years of Primary Lease Term Remaining
  • Only CVS Located in 12-Mile Radius
  • Essential Recession Resistant Tenant
  • Projected 11.85% Population Growth Within 3-Mile Radius
  • Irreplaceable Main Street Hard Corner Location
  • Investment Grade Tenant (BBB - Stable - Standard & Poors)

Listing Contacts

DW
MI MI 6501339495
Marcus & Millichap - Detroit
JK
MI 6501421311
Marcus & Millichap - Detroit
GO
MI 6501466010
Marcus & Millichap - Detroit
Listed by Marcus & Millichap - Detroit

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,079.00
$22,006.58/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Brokerage
Marcus & Millichap
Brokerage Phone
9757555200
Title
Broker of Record
Brokerage Address
5001 Spring Valley Rd, STE 1100W, Dallas, TX 75244
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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