| Purchase Price | $7,250,000 |
|---|---|
| Annual Rental Income | $362,500 |
| Cap Rate | 5.00% |
| Lease Term | 14 Years |
| City | Frisco |
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CVS Pharmacy – Frisco, TX (Dallas MSA)
This CVS Pharmacy property in Frisco, Texas—part of the booming Dallas–Fort Worth metroplex—is secured by a long-term absolute triple-net (NNN) lease with CVS Health, a Fortune 500, investment-grade tenant. The asset provides truly passive income with zero landlord responsibilities, backed by an essential-healthcare retailer serving a high-growth suburban market.
Tenant Overview
CVS Pharmacy, a division of CVS Health (NYSE: CVS), operates over 9,000 stores across the U.S., offering prescription services, immunizations, walk‑in health clinic access, and a broad range of retail products including OTC medications, personal care, and convenience groceries. Its increasing integration in primary care services positions CVS as a long-term community healthcare fixture.
Lease Structure
The lease is structured as an absolute NNN, meaning CVS is responsible for all real estate taxes, insurance, maintenance, and repairs—resulting in a fully passive investment for the owner. Standard CVS leases include lengthy primary terms and multiple renewal options, providing income stability and minimizing rollover risk.
Frisco Market Overview
Frisco is among the fastest-growing cities in the Dallas metro area, with a current population exceeding 250,000. Known for its thriving economy—bolstered by corporate headquarters, major league sports franchises, top-tier schools, and high-income residential growth—Frisco continues to attract families, professionals, and businesses seeking exceptional quality of life and strong demographic trends.
Demographics & Growth Dynamics
The Frisco market features exceptionally high median household incomes—well above national and regional averages. A mix of young families, professionals, and downsizers supports sustained demand for healthcare access, prescriptions, and retail convenience. Robust residential and commercial development drive rising traffic and long-term consumer demand for CVS offerings.
Retail Role & Community Impact
As one of the region’s primary pharmacy and healthcare retailers, CVS is a critical component of accessibility and convenience for the Frisco community. The store anchors neighborhood retail corridors, drawing regular foot traffic from healthcare-seeking residents. Its essential offerings ensure consistent customer engagement—regardless of broader market conditions.
Tenant Credit & Investment Security
CVS Health holds investment-grade credit ratings, strong cash flow, and a respected retail-healthcare brand. The company’s comprehensive integration of health and wellness services, combined with its successful suburban retail model, ensures long-term lease viability and community relevance—making this listing a highly secure, low-risk investment.
Investment Highlights