New CVS 25-Year Ground Lease Dallas TX

Property Price: See OM
Property Status: Closed
Property Type: Retail
Cap Rate: 4.15% Cap
Lease Type: Ground Lease
Tenant Type: Single Tenant
NOI: See OM
Building Size: 10,340 sf
Land Area: 0.913 acres
Remaining Term: 25 Years
Expenses: NNN

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Landes Fairmount is pleased to offer for sale this new CVS ground lease located at the northwest corner of Field St. and Olive St. in the vibrant Victory Park area of Dallas, TX. The new 10,000+ square foot freestanding single-tenant building is leased to CVS Pharmacy Inc. on a long-term corporate guaranteed Absolute NNN Ground Lease. Construction has begun and the store is planned to open June 23, 2016.

10,000+ SF Absolute NNN Ground Lease. Corporate Guaranteed CVS Pharmacy Inc (NYSE: CVS; S&P BBB+ Stable) with rare long-term initial lease. CVS Health Corp. is the Largest Pharmacy Health Care Provider in the US. CVS Pharmacy has filled or managed 1.7 billion prescriptions annually since 2008.

Closed

Agent Contact Information

Justin Grissen
Managing Director

jgrissen@landesfairmount.com
214-572-2020

Austin Landes
Investment Advisor

alandes@landesfairmount.com
214-572-2024

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