1305 Belt Line RdDeSoto, TX 75115

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.