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2882 N Cooper St
Mansfield, TX 76063
CVS Pharmacy · Retail Property For Sale
EXECUTIVE SUMMARY
Year Constructed 2004
Property Description
Single-Tenant Drive Thru Building
Gross Leasable Area 13,813 SF
Price $4,732,092.31
Cap Rate 6.5%
Occupancy 100%
Land Parcel 1.76 Acres
Tenant CVS Pharmacy
Hard Corner Lighted Intersection Positioning
Direct Frontage to FM157/S Cooper St - Exceptionally Heavily Trafficked Corridor
$100k+ Avg Household Incomes
Rapidly Growing Upscale Suburb of Mansfield, TX
Low Maintenance Absolute Net Lease
Future Income Growth with Escalations Built into Renewals
Tenant Has Strong Investment in Site with Over 20 Years of Occupancy
Property Description
Single-Tenant Drive Thru Building
Gross Leasable Area 13,813 SF
Price $4,732,092.31
Cap Rate 6.5%
Occupancy 100%
Land Parcel 1.76 Acres
Tenant CVS Pharmacy
Hard Corner Lighted Intersection Positioning
Direct Frontage to FM157/S Cooper St - Exceptionally Heavily Trafficked Corridor
$100k+ Avg Household Incomes
Rapidly Growing Upscale Suburb of Mansfield, TX
Low Maintenance Absolute Net Lease
Future Income Growth with Escalations Built into Renewals
Tenant Has Strong Investment in Site with Over 20 Years of Occupancy
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
B
Year Built
2004
Price
$4,732,092
Price Per SF
$342.58
Cap Rate
6.50%
NOI
$307,586
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.78 AC
Zoning
N/Av
PROPERTY TAXES
| Parcel Number | 40371239 | Improvements Assessment | $1,425,458 |
| Land Assessment | $1,074,542 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Parcel Number
40371239
Land Assessment
$1,074,542
Improvements Assessment
$1,425,458
Total Assessment
$2,500,000
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