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INVESTMENT HIGHLIGHTS
Investment-Grade Guarantee - The lease is fully guaranteed by CVS Health Corporation, one of the world’s most valuable brands and ranked number 8 on the Fortune 500 list. CVS Health has an investment-grade credit rating by all major rating agencies including a BBB rating with a stable outlook from Standard & Poor’s.
± 8 years remaining - The lease features over 8 years remaining in the primary term, through January 2033. CVS has 10, 5-year options to renew thereafter.
Zero Landlord Responsibilities - This is a 100% passive investment opportunity with zero landlord responsibilities whatsoever. CVS is operating under an Absolute NNN lease structure in which the tenant is responsible for any and all expenses relating to the Property.
<2 Miles From 98-Bed Medical Center - The property boasts a prime location near Medical City Frisco Hospital, a state-of-the-art, 98-bed acute care facility offering Level III Trauma services and a wide range of specialized medical care.
± 480,000 people within 15-min drive - According to ESRI analytics, approximately 480,000 people live within a 15-minute drive of the subject property.
Dallas/Fort Worth Metro - The Dallas-Fort Worth-Arlington Metroplex is the economic and cultural hub of North Texas and is the largest inland metropolitan area in the United States with a population of approximately 7.6 million. The region is expected to grow to a population of 11.2 million people by the year 2045.
Hard Corner Location - The property is located on the hard corner of a signalized intersection featuring excellent visibility and access for daily traffic of over 40,000 vehicles per day between Main Street and Legacy Drive.
