150 E Illinois Ave | Dallas, TX 75216
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- LoopNet Team
150 E Illinois Ave
Dallas, TX 75216
CVS Dallas, TX - 21 Yr Absolute NNN Lease · Retail Property For Sale
Investment Highlights
- Corporate-backed long-term lease- CVS signed a 25 year lease in October of 2016 leaving over 21 years remaining on the primary term
- Rare 10% rent increases every 5 years at the start of each renewal option
- CVS Health Corporation was ranked #5 on the 2020 Fortune 500 list with over $256 billion in annual revenues
- Absolute NNN lease – zero landlord responsibilities for operating or capital expenses
- Investment Grade Credit - CVS Pharmacy is rated “BBB” by Standard & Poor’s
- CVS recently acquired Aetna for $70 billion, with intentions to create an integrated healthcare company
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.06 AC
Zoning
Z59 - Commercial
Parking
68 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 004187000101A0000 | Improvements Assessment | $4,786,520 |
| Land Assessment | $717,200 | Total Assessment | $5,503,720 |
Property Taxes
Parcel Number
004187000101A0000
Land Assessment
$717,200
Improvements Assessment
$4,786,520
Total Assessment
$5,503,720
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