CVS Pharmacy | 8580 N Macarthur Blvd
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CVS Pharmacy 8580 N Macarthur Blvd
12,900 SF Retail Building Irving, TX 75063 £7,991,757 (£620/SF) 5.45% Net Initial Yield
Investment Highlights
- Absolute NNN, corporately guaranteed lease with 16 years remaining (no rent holiday) and 5% rent increases at the start of each of the six 5-year opt.
- Outstanding demographics with average household income over $147,000 and over 57,000 population within 3 miles of the property
- Nearby industrial tenants include Samsung, Amazon, Nissan Parts Distribution Center, Seko Logistics Aerospace & Aviation, Coca-Cola, and Siemens
- Established pharmacy operation strategically located on the SEC of the busy intersection of N MacArthur Blvd and Valley Ranch Parkway S
- Part of the Valley Ranch master planned community and just east of Cypress Waters – both developments comprise 3,400 acres of mixed use development
- Across LBJ freeway from Las Colinas - a master-planned community home to the Fortune 500 global headquarters
Executive Summary
Cushman & Wakefield is pleased to present an established 12,900± square foot freestanding CVS Pharmacy retail store with drive-thru on a 1.66 acre lot in Irving, Texas (Core Dallas Fort Worth Metroplex). There are over 16 years of primary term remaining on an absolute NNN lease with no landlord responsibilities and no rent holiday.
The CVS property is strategically located the southeast corner of the busy intersection of N MacArthur Blvd and Valley Ranch Parkway S, just north of Interstate 635 (Lyndon B. Johnson Freeway) with 151,000 VPD, and part of the Valley Ranch development in Irving, TX. The surrounding demographics are outstanding with average household income over $147,000 and over 57,000 population within 3 miles. Valley Ranch is a 2,400-acre master planned community comprised of 4,000 single family homes, 22 multifamily properties, 120 local business, and scenic, landscaped pedestrian pathways along canals and greenbelts in the heart of Dallas/Fort Worth and only 10 minutes from DFW International Airport. The surrounding area has seen rapid recent growth with the adjacent Cypress Waters development - a 1,000-acre master-planned office, retail, and multi-family development. Notable corporations with offices in Cypress Waters include the 7-Eleven Corporate Headquarters, Nokia’s North American Headquarters, Brinker International, Corelogic, Morgan Stanley, and BNSF Logistics. To the south is Las Colinas – another master-planned community with numerous corporate headquarters, luxury hotels, landmark office towers, luxury townhomes, affluent residential neighborhoods, and private country clubs. Las Colinas is home to over 2,000 companies including the Fortune 500 global headquarters for McKesson, ExxonMobil, Kimberly-Clark, Fluor, Celanese, Pioneer Natural Resources and Vistra Energy. Nearby industrial tenants include Samsung, Amazon, Nissan Parts Distribution Center, Seko Logistics Aerospace & Aviation, Coca-Cola, Siemens, and Universal Power Group. Additionally, there are numerous shopping centers in the immediate area anchored by Walmart, Sam’s Club, Target, Kroger, Sprouts, Whole Foods, and Home Depot.
The CVS property is strategically located the southeast corner of the busy intersection of N MacArthur Blvd and Valley Ranch Parkway S, just north of Interstate 635 (Lyndon B. Johnson Freeway) with 151,000 VPD, and part of the Valley Ranch development in Irving, TX. The surrounding demographics are outstanding with average household income over $147,000 and over 57,000 population within 3 miles. Valley Ranch is a 2,400-acre master planned community comprised of 4,000 single family homes, 22 multifamily properties, 120 local business, and scenic, landscaped pedestrian pathways along canals and greenbelts in the heart of Dallas/Fort Worth and only 10 minutes from DFW International Airport. The surrounding area has seen rapid recent growth with the adjacent Cypress Waters development - a 1,000-acre master-planned office, retail, and multi-family development. Notable corporations with offices in Cypress Waters include the 7-Eleven Corporate Headquarters, Nokia’s North American Headquarters, Brinker International, Corelogic, Morgan Stanley, and BNSF Logistics. To the south is Las Colinas – another master-planned community with numerous corporate headquarters, luxury hotels, landmark office towers, luxury townhomes, affluent residential neighborhoods, and private country clubs. Las Colinas is home to over 2,000 companies including the Fortune 500 global headquarters for McKesson, ExxonMobil, Kimberly-Clark, Fluor, Celanese, Pioneer Natural Resources and Vistra Energy. Nearby industrial tenants include Samsung, Amazon, Nissan Parts Distribution Center, Seko Logistics Aerospace & Aviation, Coca-Cola, Siemens, and Universal Power Group. Additionally, there are numerous shopping centers in the immediate area anchored by Walmart, Sam’s Club, Target, Kroger, Sprouts, Whole Foods, and Home Depot.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,900 SF
Building Class
B
Year Built
2015
Price
£7,991,757
Price Per SF
£620
Net Initial Yield
5.45%
NOI
£435,537
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
1.66 AC
Zoning
Z243
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
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CVS Pharmacy | 8580 N Macarthur Blvd
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