Irving, TX - CVS
$9,880,000
8580 N. MacArthur Blvd, Irving, TX 75063
5.5
Cap Rate
543,402
NOI
Details:
Description:
• CVS Pharmacy Corporate guaranteed lease (S&P: BBB)
• 15 years remaining with 6 (5-year) option periods to extend
• The lease features 5% rental increases at the beginning of each option
• The subject property is located at the signalized, hard corner intersection of N MacArthur Blvd & W Valley Ranch Rd, which combine to average over 50,400 vehicles passing by daily
• Approximately half a mile from Interstate 635, a major retail and commuter thoroughfare that sees over 101,600 VPD
• Less than 1 mile from MacArthur Park, with major tenants including Kroger, Target, TJ Maxx, Ulta, Ross, Chipotle, and more
• The property is located in a dense retail corridor with tenants including Walmart, Sam’s Club, Total Wine, Sprouts, Planet Fitness, Chick-fil-A, Raising Cane’s, McDonald’s, Crumbl, and many others
Location
Gallery