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150 E Illinois Ave
Dallas, TX 75216
Retail Property For Sale
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
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
Parcel Number
004187000101A0000
Land Assessment
$717,200
Improvements Assessment
$4,786,520
Total Assessment
$5,503,720
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