Lee & Associates and DZ Net Lease Realty, LLC are pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a CVS Pharmacy investment property located in Heath, TX within the Dallas MSA (the “Property”). Constructed in 2015 as a build to suit for CVS, the Property consists of a 14,366-square-foot retail building with drive thru lanes situated on a 1.79-acre parcel.The subject property is leased to highly desirable national tenant CVS Health Corp. (S&P: BBB). CVS Pharmacy is currently the second largest retail pharmacy in the U.S. behind Walgreens. CVS is part of CVS Health Corporation, which includes CVS Pharmacy with 9,700 retail pharmacies, CVS MinuteClinic with more than 1,100 walk-in health care clinics, CVS Caremark, a leading pharmacy benefits manager with more than 90 million plan members, and CVS Specialty, a dedicated senior pharmacy care business serving more than one million patients per year. In 2020, CVS ranked 5th on the Fortune 500 and 13th on the Fortune Global 500 list with $194.58 billion in annual revenue.CVS Pharmacy has 20+ years remaining on a 25-year lease that features (10) 5-year renewal options. The lease is trueabsolute triple-net (NNN) requiring zero management responsibilities from the landlord and providing an ideal passive income stream backed by an investment grade credit tenant.The property is ideally located on the hard corner signalized intersection of Ridge Road & Smirl/Laurence Drive, offeringexcellent visibility and access to over 19,000 cars per day. The property offers multiple ingress/egress points for easy in/out access and a quick drive thru lane. Ridge Road is a major travel corridor between Heath and Interstate 30, offering easy access to Downtown Dallas. Additionally, the CVS is located within three miles of the Texas Health Hospital to the north and the Baylor Medical Plaza to the east, providing strong synergy for the Tenant’s customer base and supporting the continued success of this CVS Pharmacy location.***CONTACT LISTING BROKERS FOR MORE INFORMATION***
