CVS Pharmacy for Sale in Midlothian, TX
Midlothian, TX
Key Investment Metrics
Price
$5,281,000
Cap Rate
5.0%
Net Operating Income
$264,079
Building Size
14000 SF
Land Area
2.96 Acres
Remaining Term
9.1 years
Lease Expiration
08/31/2035
Lease Term
31.1 years
Lease Commencement
08/01/2004
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2000
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
CVS Pharmacy in Midlothian
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,000 SF
- Land area
- 2.96 acres
- Year built
- 2000
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.