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CVS (Zero Cash Flow) 1101 FM 2181 12,983 SF Retail Building Corinth, TX 76210 $4,938,990 ($380.42/SF) 6.81% Cap Rate
Investment Highlights
- Positioned within the Dallas MSA – Ranked #4 in the United States for population size
- Absolute NNN – No landlord responsibilities
- Located along FM 2181 (20,000 VPD) & proximity to Interstate 35 E (134,000 VPD)
- Income tax free state – Texas
- Long-term lease with 16 years remaining
- 20%+ projected population growth within a 3-mile radius through 2029
Executive Summary
The 12,983 square-foot building is located along FM 2181, which experiences approximately 20,000 vehicles per day, and benefits from close proximity to Interstate 35E with traffic counts of approximately 134,000 vehicles per day, providing strong regional connectivity. The surrounding trade area continues to experience robust growth, with the population within a three-mile radius projected to increase by more than 20% through 2029. There are approximately 139,000 residents within a five-mile radius, supported by an affluent demographic profile with an average household income of approximately $163,000 within three miles. The property is situated near a strong mix of national retailers including 7-Eleven, Scooter’s Coffee, Kroger, Sprouts, Starbucks, Chase Bank, Wells Fargo, AutoZone, and several others. Additionally, the site is located less than one mile from John H. Guyer High School, which enrolls approximately 2,600 students, and approximately two miles west of Lake Dallas High School with enrollment of roughly 1,300 students.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical clinics, the CVS Caremark pharmacy benefits manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simplifies healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Jan 2043
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 2043 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R697975 | Improvements Assessment | $1,714,562 |
| Land Assessment | $1,655,280 | Total Assessment | $3,369,842 |
Property Taxes
Presented by
CVS (Zero Cash Flow) | 1101 FM 2181
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