CVS Pharmacy
$5,231,000
1305 W Belt Line Rd, DeSoto, TX 75115
6.5
Cap Rate
340,000
NOI
Details:
Highlights:
- Absolute Net Lease | Zero Landlord Responsibilities
- Corporate Guarantee | CVS Health | Largest Pharmacy Chain in the U.S. | S&P Rating "BBB" | Fortune 500 Component
- Recent 10-Year Extension | Strong Site Commitment | 22+ Year Operating History
- Income Tax-Free State | Dallas-Fort Worth MSA | Fastest Growing Metroplex in U.S.
- Ideal Real Estate Fundamentals | 2.21 Acre Lot on Hard Corner Signalized Intersection | 43,500+ VPD at Intersection
- Affluent Demographics | Average Household Income Exceeds $131,178 in 1-Mile
- Population within 5-Miles Exceeds 182,581 with Anticipated Growth over 5-Years
- 4-Miles to Methodist Charlton Medical Center (314-Beds)
- 17-Miles to Dallas, TX | 30-Miles to Fort Worth, TX
Description:
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Dallas is the third-largest city in Texas and the ninth-largest in the United States. It is considered a global city and is home to many corporate headquarters and cultural attractions. It is home to a thriving arts and culture scene, world-class shopping, and outstanding restaurants. Dallas is also home to professional sports teams in all four major American sports leagues.
Dallas, Texas is a vibrant city with a multitude of attractions to explore. Dallas is home to the third-largest concentration of Fortune 500 companies in the nation. The city is home to the Dallas–Fort Worth metroplex, which is the fourth-largest metropolitan area in the U.S. Dallas is a major center for telecommunications, banking, commerce, energy, healthcare, medical research, transportation, and logistics. Dallas has a diversified economy with major sectors including finance, information technology, life sciences, and logistics. The city is home to many major corporations, including American Airlines, AT&T, Bank of America, ExxonMobil, J.P. Morgan Chase, Southwest Airlines, and Texas Instruments. The city has a strong presence in the defense and aerospace industries, with the headquarters of Lockheed Martin and Raytheon located in the Dallas–Fort Worth metroplex. In the past decade, Dallas has become a major hub for technology and start-ups, with the city experiencing an influx of venture capital investors and entrepreneurs. Dallas is also home to several major universities, such as the University of Texas at Dallas, Southern Methodist University, and Texas Christian
University, which provide a highly educated workforce for the city.
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