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CVS (Dollar General Sublease)

$4,500,000

10001 Custer rd, Plano, TX 75025

Active
Last Updated: 12/02/2024

8.06

Cap Rate

362,785

NOI

Details:
Cap Rate:    8.06%
NOI:    $362,785
Building Size:    12,900 sqft
Lot Area:    1.47 acres
Year Built:    2009
Highlights:
  • Absolute Net Bond Lease | No Landlord Responsibilities
  • Dollar General paying $10 SF ($8 to $10 below market rent)
  • 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 for the Next 5 Years
  • 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 | 48 Miles Outside of Downtown Fort Worth
  • Within 25 Miles of Dallas Fort Worth International Airport
  • Prototypical Freestanding CVS Equipped With Drive-Thru
  • 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
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