9221 Midway Rd
Dallas, TX 75220
CVS Ground Lease · Retail Property For Sale

- Highly Desirable Location: CVS is located at the intersection of two major thoroughfares in Dallas, Texas, which is one of the fastest growing cities in the United State. Midway Rd carries over 14,000 vehicles per day and Northwest Hwy carries over 43,000 vehicles per day. - Superb Demographics: This location serves residents in the immediate area with home values over $35 million. This is one of the highest demographics in the entire Dallas-Fort Worth area. This type of location is available so rarely that it is difficult to put a price on it. - Long Term Ground Lease: The CVS lease is a ground lease with a base term going until 2037. This gives an investor remaining term of over 18 tears. - Rent Increase: In February 2027, the rent for CVS increases to $39.02 psf and the AT&T cell tower increases in base rent by 2% per year. Therefore, in February 2027 the total rent for this asset will be $495,514. That income reflects a 4.43% return on investment, which does not include principal reduction of the loan. - Shopping Hub: This CVS sits across the street from a brand-new Central Market, one of the most desirable grocery stores in the DFW area. This grocery store is considered gourmet and very high end, as to serve the vast disposable income in the immediate area. It is also only 2.5 miles from one of the highest rent districts in Dallas-Fort Worth, Preston Center. Rents in Preston Center are as high as $100 psf.