1305 Belt Line RdDeSoto, TX 75115

For Sale
$5,611,314

High-yield CVS Pharmacy NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 1305 W Belt Line Rd, DeSoto, TX 75115. The property boasts 13,813 square feet on a 2.21-acre lot, featuring a convenient drive-thru. The property benefits from a strong, corporate-guaranteed NNN lease with CVS Pharmacy, offering a substantial 7.00% cap rate and a current NOI of $392,792. The lease commenced November 7, 2003, and has a remaining term of approximately 4.6 years, with options for renewal. The asking price is $5,611,314, translating to $406.23 per square foot. Situated in a high-growth area of the Dallas-Fort Worth metroplex, this location enjoys exceptional visibility and accessibility due to its signalized hard corner lot. The surrounding area demonstrates strong demographics, with an average household income exceeding $98,100 within a three-mile radius and over 182,580 individuals within a five-mile radius. The property's location in Texas, an income-tax-free state, further enhances its investment appeal. This is a rare opportunity to acquire a well-performing, net-leased property in a thriving market with significant long-term potential. The building was constructed in 2004. Lease expiration is June 16, 2029.

Highlights

  • Texas, a state with no state income tax.
  • Located in the Dallas-Fort Worth Metroplex.
  • High population growth area; DFW added 150,000 residents in 2023, the fastest-growing metro in the US.
  • Affluent area with average household income over $98,100 within a three-mile radius.
  • Excellent location: 2.21-acre signalized hard corner lot with drive-thru and high visibility.

Property Details for 1305 Belt Line Rd

Property type
Other retail properties, Individual retail properties
Square Feet
13,813 SF
Year Built
2004
Lot Size (sq. ft)
96,268 SF

Location Insight

City
DeSoto
County
Dallas
State
Texas
Latitude
32.590404
Longitude
-96.8920309
1305 Belt Line Rd, DeSoto, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1305 Belt Line Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message