4128 E Lancaster Ave
Fort Worth, TX 76103
CVS · Retail Property For Sale
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
About 4128 E LANCASTER AVE , FORT WORTH, TX 76103
Dominant Location and Street Presence • Signalized intersection with direct access from 3 streets (Lancaster Ave, Oakland Blvd and Sargent St) • Located at THE intersection in the market –Central intersection of the ‘Oakland Corners Urban Village’ development project • Surrounded by other strong retailers increasing regional draw • The building is a ± 12,770 SF freestanding building on four parcels (a combined total of ± 2.36 acres) with double drive thru lanes Ease of Management • NNN lease with tenant responsible for tax, insurance, CAMs, HVAC, roof, structure and the parking lot • No deferred maintenance • Income tax free state • No Rent Holiday Tenant Commitment & Stability • Early 15 year lease extension to 2033 recently executed • Guaranteed by CVS Pharmacy, Inc. (Investment Grade Credit tenant with BBB+ with positive outlook, higher than Walgreens) • Roof replaced by tenant in 2017 (15 yr warranty) • HVAC replaced by tenant in 2014 • Freshly Painted in 2017 • Solid sales history (Ask broker)
Property Taxes
| Parcel Number | 07590970 | Improvements Assessment | $1,274,160 |
| Land Assessment | $1,025,840 | Total Assessment | $2,300,000 |
Property Taxes
