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CVS zero or paydown loan to get cash flow
525 W Parker Rd., Plano, TX 75023
12,900 SF | Retail
Close Up Front
Retail Property - Off Market
- Building Size:
- 12,900 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Commission Split:
- Cap Rate:
- No. Stories:
- Year Built:
- Lot Size:
- 1.87 AC
- Listing ID
- Last Updated
- 148 days ago
- 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
"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)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P