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1305 W Belt Line Rd 13,813 SF Retail Building DeSoto, TX 75115 $5,037,000 ($364.66/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities
- Recent 10-Year Extension | Strong Site Commitment | 22+ Year Operating History | 5% Rent Increases in Each Option
- Ideal Real Estate Fundamentals | 2.21 Acre Lot on Hard Corner Signalized Intersection | 43,500+ VPD
- Corporate Guarantee | CVS Health | Largest Pharmacy Chain in the U.S. | S&P "BBB" | Fortune 500 Component
- Income Tax-Free State | Dallas-Fort Worth MSA | Fastest Growing Metroplex in U.S.
- Affluent Demographics | Average Household Income Exceeds $131,178 in 1-Mile
EXECUTIVE SUMMARY
Absolute Net Lease | Zero Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
B
Year Built
2004
Price
$5,037,000
Price Per SF
$364.66
Cap Rate
6.75%
NOI
$340,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.21 AC
Zoning
Z31
Frontage
463’ on North Cockrell Hill Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20032760010010000 | Improvements Assessment | $852,530 |
| Land Assessment | $1,154,110 | Total Assessment | $2,006,640 |
PROPERTY TAXES
Parcel Number
20032760010010000
Land Assessment
$1,154,110
Improvements Assessment
$852,530
Total Assessment
$2,006,640
CONTACTS
-
Deno Bistolarides -
Brent Hanna -
Brandon Hanna -
Nick Yaldo -
Encore Real Estate Investment Services
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1305 W Belt Line Rd
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