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Dallas MSA CVS | $20M Redevelopment | 63K VPD 2129 E Belt Line Rd 13,570 SF Retail Building Richardson, TX 75081 For Sale
Investment Highlights
- Second largest employment center in Dallas-Fort Worth with more than 5,000 businesses including State Farm, Raytheon and Texas Instruments.
- Signalized corner of Belt Line Road and Jupiter Road with a combined 63,293 vehicles per day.
- Near Richardson Square, a 516,100 SF center anchored by Super Target, Lowe's and Ross, undergoing an up to $20 million mixed-use redevelopment.
- 366,693 residents within five miles. Average household income of $111,628 within one mile.
Executive Summary
We are pleased to market for sale the CVS located at 2129 E. Belt Line Road in Richardson, Texas 75081 (the "Property"). The lease terminates January 31, 2029. The Property is currently in a rent holiday period running through the end of the primary term. Upon expiration, the first two renewal options carry a fixed rent of $270,217.32 per year ($20.45 per square foot).
The Property sits minutes away from Richardson Square, a 516,100 square foot shopping center anchored by Super Target, Lowe's, Ross Dress for Less and Chick-fil-A. Richardson Square is being redeveloped into a mixed-use retail destination by The Retail Connection, bringing new retail and restaurant tenants to the intersection. Additional surrounding retailers include Burlington, ALDI, Harbor Freight and Dollar Tree.
The building contains 13,216 square feet at the southeast corner of Belt Line Road and Jupiter Road, a signalized intersection carrying a combined 63,293 vehicles per day.
Richardson is the second largest employment center in Dallas-Fort Worth, with more than 5,000 businesses operating within the city's 28 square miles. The city is home to the headquarters of Lennox International (NYSE: LII, S&P 500) and Fossil Group, along with major operations of Fortune 500 companies including State Farm, RTX, Texas Instruments, AT&T and Cisco Systems.
Listed in conjunction with Brian Brockman, Bang Realty - Texas Inc, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.
The Property sits minutes away from Richardson Square, a 516,100 square foot shopping center anchored by Super Target, Lowe's, Ross Dress for Less and Chick-fil-A. Richardson Square is being redeveloped into a mixed-use retail destination by The Retail Connection, bringing new retail and restaurant tenants to the intersection. Additional surrounding retailers include Burlington, ALDI, Harbor Freight and Dollar Tree.
The building contains 13,216 square feet at the southeast corner of Belt Line Road and Jupiter Road, a signalized intersection carrying a combined 63,293 vehicles per day.
Richardson is the second largest employment center in Dallas-Fort Worth, with more than 5,000 businesses operating within the city's 28 square miles. The city is home to the headquarters of Lennox International (NYSE: LII, S&P 500) and Fossil Group, along with major operations of Fortune 500 companies including State Farm, RTX, Texas Instruments, AT&T and Cisco Systems.
Listed in conjunction with Brian Brockman, Bang Realty - Texas Inc, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,570 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.57 AC
Zoning
LR, Richardson
Frontage
70’ on Belt Line
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 421067000A01A0000 | Improvements Assessment | $1,736,800 |
| Land Assessment | $497,270 | Total Assessment | $2,234,070 |
Property Taxes
Parcel Number
421067000A01A0000
Land Assessment
$497,270
Improvements Assessment
$1,736,800
Total Assessment
$2,234,070
Contacts
-
Sean Dan -
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Dallas MSA CVS | $20M Redevelopment | 63K VPD | 2129 E Belt Line Rd
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