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- LoopNet Team
150 E Illinois Ave
Dallas, TX 75216
CVS with 23 Years Remaining · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signalized Intersection
- Drive Thru
ABOUT 150 E ILLINOIS AVE , DALLAS, TX 75216
The subject property is a 13,054 square foot CVS located in Dallas, Texas. CVS signed a 25 year lease which commenced in October 2016, leaving 23.75 years remaining on the Tenant’s initial lease term. The lease provides for 10% rent increases between each of the six, 5-year renewal options. The lease is absolute net providing for zero landlord responsibilities. CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB+ credit rating by Standard & Poor’s and reported annual revenues in excess of $184 billion in 2017.
PROPERTY TAXES
| Parcel Number | 004187000101A0000 | Improvements Assessment | $4,786,520 |
| Land Assessment | $717,200 | Total Assessment | $5,503,720 |
PROPERTY TAXES
