Historical Retail Sale Listing - CVS zero or paydown loan to get cash flow

Retail For Sale

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CVS zero or paydown loan to get cash flow

525 W Parker Rd., Plano, TX 75023

N/A

12,900 SF | Retail

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Close Up Front

Retail Property - Off Market

Price:
N/A
Building Size:
12,900 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
1%
Cap Rate:
8.50%
No. Stories:
1
Tenancy:
Single
Year Built:
2009
Lot Size:
1.87 AC
Listing ID
17940416
Last Updated
over 1 year ago

Highlights

  • Can be structured with cash flow or a zero
  • Rapid, secure amortization equals significant asset build up, while section 467 reduces taxes
  • "Bond Style" Lease. See notes below.
  • Excellent debt replacement for trade
  • First Two fixed renewals at $27,339.49 per month ($328,073.88 per annum)
  • Low Downpayment plus depreciation plus section 467 lease structure creates importa

Description

"Bond Style" Lease equals a no work real estate investment. CVS pays for and does everything. Even if the building were to be hit by a meteor, CVS would have to pay the rent and rebuild

Recent construction in mostly built out upper income north Dallas metro city of Plano. Favorable assumable debt and lease structure with rapid amortization and tax benefits, results in higher cap rate on renewal. Approximately 22 years remaining on absolutely net lease. Loan fully amortizes 3 years prior to lease expiration.

The assumable financing offers both rapid amortization and reduced taxable income based on the section 467 lease treatment.

The loan was originated when interest rates were higher, resulting in higher renewal rental rates during the option periods.

CVS has ten options to renew of five years. The first two renewal options are at a fixed rent. The remaining options are at market rents.

This property is located in a highly developed upper income neighborhood in Plano, one of the most desirable cities in America, which has received numerous notices for having the lowest poverty rate and highest safety levels of any city with more than 250,000 people.

Great high income area. Largely built out.

Recent Construction/Modern Design

On primary access road between residential and US 75 (Central Expressway)

Truly a worry free asset with a "bondable" lease backed by investment grade rated credit. An excellent property for a trade and for value down the road.

Map of 525 W Parker Rd., Plano, TX 75023 (Collin County)

Research for 525 W Parker Rd., Plano, TX 75023 (Collin County)

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Created 12/6/2012