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CVS Specialty 426 S Henderson St 6,500 SF Retail Building Fort Worth, TX 76104 $2,420,000 ($372.31/SF) 7.09% Cap Rate
Investment Highlights
- High-Growth: The metro is expected to add nearly 290,200 people through 2025, resulting in the formation of roughly 118,200 households.
- Situated in Fort Worth’s bustling Near Southside neighborhood, it is ideally positioned within a rapidly growing medical and office corridor.
- Office and medical office vacancy rates in the Near Southside district have remained relatively low compared to broader Fort Worth submarkets.
- 426 S Henderson St represents a prime investment opportunity in Fort Worth’s dynamic Near Southside.
- The demand for medical office space in Fort Worth is strong, driven by the city’s increasing population & the ongoing expansion of healthcare services
- The Near Southside’s profile as a preferred location for office and medical tenants is expected to grow.
Executive Summary
The property at 426 S Henderson St is located in the heart of Fort Worth’s thriving Near Southside district. The building is anchored by CVS, a nationally recognized healthcare provider, which lends stability and high visibility to the property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,500 SF
Building Class
C
Year Built
1990
Price
$2,420,000
Price Per SF
$372.31
Cap Rate
7.09%
NOI
$171,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.29 AC
Parking
20 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01452312 | Improvements Assessment | $424,000 |
| Land Assessment | $576,000 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
01452312
Land Assessment
$576,000
Improvements Assessment
$424,000
Total Assessment
$1,000,000
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CVS Specialty | 426 S Henderson St
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