Fort Worth, TX

CVS

Offered for sale is the opportunity to acquire a triple-net lease CVS in Fort Worth, Texas. The property consists of a 13,050-square-foot, freestanding building that sits on approximately 2.55 acres of land. There are approximately 5.7 years remaining on the current lease term, with rental escalations scheduled in the options.

Price	$4,579,000
Cap Rate	5.75%
Building Size	13,050 sqft
Lot Size	2.55 acres
Year Built	1997

Offering Memorandum

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

FINANCING TEAM

Duke Dennis

Director

(817) 932-6172

Duke.Dennis@marcusmillichap.com

Recently Exercised Second Option - CVS has Operated at this Location for More than 25 Years
Triple-Net Lease with Approximately 5.7 Years Remaining
Signalized Hard Corner Location on East Belknap Street and North Beach Street; Combined Traffic Counts Exceed 35,544 Vehicles per Day
Large 2.55 Parcel with Four Points of Ingress/Egress
Dense Infill Location - More than 232,583 Residents Within a Five-Mile Radius
Daytime Population of 355,223, a 52% Increase over the Residential Population
Beach Street and Belknap Street Commercial Corridor
One Mile from the $6.4M Race Street Redevelopment Project in the River East Neighborhood
Investment Grade Tenant - BBB (S&P)

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

CVS

CVS

Vincent Knipp

Duke Dennis

Vincent Knipp

$3,363,000

4.75% Cap

$6,538,000

6.45% Cap

$1,828,000

6.00% Cap

CVS

CVS

CVS

Vincent Knipp

Duke Dennis

Vincent Knipp

$3,363,000

4.75% Cap

QuikTrip (Signalized Hard Corner | 87,859 VPD)

$6,538,000

6.45% Cap

Sun Auto (Absolute Net Lease)

$1,828,000

6.00% Cap

Popeyes (Walmart-Anchored Development)