CVS (subleased to Dollar General) 10001 Custer Rd 12,900 SF Retail Building Plano, TX 75025 £3,392,010 (£262.95/SF) 8.06% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute Net Bond Lease | No Landlord Responsibilities
- Plano is Part of the Dallas Fort-Worth MSA | 4th Largest MSA in The Country | Population Exceeds 7.75M+
- Located Across the Street From Trails at Creekside Apartment Complex | 444 Luxury Apartment Units | 5.7% Vacancy
- Texas is a Income Tax-Free State
- Extremely Affluent Community With Average Household Income Exceeding $154K Within a 3 Mile Radius
- Surging Population Growth With 4%+ Expected Annual Population Growth Within a 1/3/5 Mile Radius
EXECUTIVE SUMMARY
Absolute Net Bond Lease | No Landlord Responsibilities Texas is a Income Tax-Free State
Plano is Part of the Dallas Fort-Worth MSA | 4th Largest MSA in The Country | Population Exceeds 7.75M+
Extremely Affluent Community With Average Household Income Exceeding $154K Within a 3 Mile Radius
Located Across the Street From Trails at Creekside Apartment Complex | 444 Luxury Apartment Units | 5.7% Vacancy
Surging Population Growth With 4%+ Expected Annual Population Growth Within a 1/3/5 Mile Radius
Steadily Growing Community | 1/3/5 Mile Population Annual Growth of 4%+ Since 2010
Within 5 Miles of Collin College | Student Enrollment Exceeds 52,812+
Within 3 Miles of Baylor Scott & White Medical Center | 118 Beds
30 Miles Outside of Downtown Dallas
Within 25 Miles of Dallas Fort Worth International Airport
Lease is Corporately Guaranteed by CVS, the largest pharmacy chain in the U.S | S&P “BBB+"
The location is promising with the surrounding areas home value upwards of $416,271 within 10 miles
Plano is Part of the Dallas Fort-Worth MSA | 4th Largest MSA in The Country | Population Exceeds 7.75M+
Extremely Affluent Community With Average Household Income Exceeding $154K Within a 3 Mile Radius
Located Across the Street From Trails at Creekside Apartment Complex | 444 Luxury Apartment Units | 5.7% Vacancy
Surging Population Growth With 4%+ Expected Annual Population Growth Within a 1/3/5 Mile Radius
Steadily Growing Community | 1/3/5 Mile Population Annual Growth of 4%+ Since 2010
Within 5 Miles of Collin College | Student Enrollment Exceeds 52,812+
Within 3 Miles of Baylor Scott & White Medical Center | 118 Beds
30 Miles Outside of Downtown Dallas
Within 25 Miles of Dallas Fort Worth International Airport
Lease is Corporately Guaranteed by CVS, the largest pharmacy chain in the U.S | S&P “BBB+"
The location is promising with the surrounding areas home value upwards of $416,271 within 10 miles
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2009
Price
£3,392,010
Price Per SF
£262.95
Net Initial Yield
8.06%
NOI
£273,460
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.47 AC
Zoning
COMM - Commercial
Parking
80 Spaces (6.2 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-8129-001-0050-1 | Improvements Assessment | £1,360,022 |
| Land Assessment | £1,107,119 | Total Assessment | £2,467,141 |
