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CVS Pharmacy – No Rent Holiday 1510 W Hickory St 13,211 SF Retail Building Denton, TX 76201 $7,200,000 ($545.00/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjacent to the University of North Texas (46,000 Enrolment)
- .8 Miles from the 255 Bed Texas Health Perspiration Hospital
- Property Ranks in the Top 30% of all CVS Properties Nationally
- Located in the Dallas - Fort Worth Texas MSA (4th Largest)
- Beer and Wine Sales + 1.5% Annual Population Growth 1-Mile
EXECUTIVE SUMMARY
The property is situated across the street from a major UNT campus entry point with proximity to student residence halls, making it easily accessible on foot for a large portion of the student population. This proximity highlights its value as a key provider of health and convenience products to the UNT community. UNT is a tier-one research university with 240-degree programs on a 963-acre campus. This CVS is the closest national pharmacy chain to Texas Health Perspiration Hospital Denton https://www.texashealth.org which has 255 beds and a medical staff of 450 physicians. It is one of then largest employers in Denton.
Denton is the county seat of Denton County and is located just north of Dallas - Fort Worth on Interstate 35. It is part of the Dallas – Fort Worth MSA which is the 4th most populous in the United States with 7.5 million residents. It has a booming economy with strengths in finance, tech, energy, aviation and logistics. It is a headquarters of 21 fortune 500 and an additional 45 fortune 1000 corporations. The population grew by 2.18% between July 2023 and July 2024 adding 178,000 residents.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 13,211 SF
- $34.00
- Triple Net
- Jan 2041
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 TYPE | LEASE END | |
|
|
Retailer | 13,211 SF | $34.00 | Triple Net | Jan 2041 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R654483 | Improvements Assessment | $1,860,004 |
| Land Assessment | $1,102,068 | Total Assessment | $2,962,072 |
PROPERTY TAXES
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CVS Pharmacy – No Rent Holiday | 1510 W Hickory St
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