CVS Pharmacy | 6225 Eldorado Pky
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CVS Pharmacy 6225 Eldorado Pky
13,074 SF Retail Building Frisco, TX 75033 £7,651,921 (£585/SF) 5.25% Net Initial Yield
Investment Highlights
- Absolute NNN lease with over 22 years remaining, no rent holiday, and no landlord responsibilities
- Extremely affluent, high growth trade area (population increase of 44% in last 4 years!) with many new residential developments in progress nearby
- Large 1.91 acre lot on the hard corner of the signalized intersection Eldorado Parkway and Frisco Street with multiple points of ingress/egress
- 10% rent increase every 5 years at the start of each renewal option
- Exceptional demographics with average household income over $183,000 and population of 280,000 within 5 miles
- El Dorado Parkway is a major 6-lane east/west arterial in Frisco that connects with the Dallas North Tollway (85,130 VPD)
Executive Summary
Cushman & Wakefield is pleased to present a recently completed 13,074± square foot freestanding CVS Pharmacy retail store with drive-thru on a 1.91 acre lot in Frisco, Texas (High Growth, Affluent North Dallas Suburb). There are over 22 years of primary term remaining on an absolute NNN lease with no landlord responsibilities and no rent holiday.
The CVS property is located on the busy intersection of Eldorado Parkway and Frisco Street, just east of the Dallas North Tollway (85,130 VPD) in an extremely high growth area of Frisco, Texas with over 44% population growth within 1 mile over the past 4 years. Surrounding demographics are exceptional with average household income over $183,000 and population of 280,000 within 5 miles. The immediate area is a robust retail corridor with the Costco and Home Depot anchored Frisco Trails shopping center across the street, and the Target anchored Parkway Towne Crossing shopping center and the Market Street anchored Eldorado Marketplace shopping center ½ mile to the west. Eldorado Parkway is a major east/west arterial connecting with Little Elm and Lakewood Village to the west, and McKinney and US Highway 75 to the east. Additionally, the CVS property is conveniently located less than 1 mile from the 73-bed Texas Health Hospital Frisco and the new 120,000 sq.ft. multi-specialty UT Southwestern Medical Center.
The CVS property is located on the busy intersection of Eldorado Parkway and Frisco Street, just east of the Dallas North Tollway (85,130 VPD) in an extremely high growth area of Frisco, Texas with over 44% population growth within 1 mile over the past 4 years. Surrounding demographics are exceptional with average household income over $183,000 and population of 280,000 within 5 miles. The immediate area is a robust retail corridor with the Costco and Home Depot anchored Frisco Trails shopping center across the street, and the Target anchored Parkway Towne Crossing shopping center and the Market Street anchored Eldorado Marketplace shopping center ½ mile to the west. Eldorado Parkway is a major east/west arterial connecting with Little Elm and Lakewood Village to the west, and McKinney and US Highway 75 to the east. Additionally, the CVS property is conveniently located less than 1 mile from the 73-bed Texas Health Hospital Frisco and the new 120,000 sq.ft. multi-specialty UT Southwestern Medical Center.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
13,074 SF
Building Class
B
Year Built
2020
Price
£7,651,921
Price Per SF
£585
Net Initial Yield
5.25%
NOI
£401,710
Tenancy
Single
Number of Floors
1
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R-9478-00A-0070-1 | Improvements Assessment | £2,186,558 |
Land Assessment | £1,733,607 | Total Assessment | £3,920,165 |
PROPERTY TAXES
Parcel Number
R-9478-00A-0070-1
Land Assessment
£1,733,607
Improvements Assessment
£2,186,558
Total Assessment
£3,920,165
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CVS Pharmacy | 6225 Eldorado Pky
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