6225 El Dorado PkwyFrisco, TX 75033

Property Details for 6225 El Dorado Pkwy

Year built

2020

Lot size

1.91 AC

Property size (Sq ft)

15,204 SF

Property type

Commercial real estate

APN

R-9478-00A-0070-1

APU

R947800A00701

Description

This exceptional investment opportunity presents a 13,074 square foot freestanding CVS Pharmacy in Frisco, Texas. Boasting a 22.2-year absolute NNN lease with a corporate guarantee from CVS Health Corporation (ranked #6 on the Fortune 500), this property offers significant long-term stability and predictable cash flow. The lease includes 10% rent bumps in the options, starting every five years. Situated on a 1.91-acre lot with 66 parking spaces, the property enjoys a prime location at the signalized intersection of Eldorado Parkway and Frisco Street, benefiting from high visibility and accessibility. The area demonstrates exceptional demographics, with an average household income exceeding $183,000 and a population of 280,000 within a 5-mile radius. This high-growth area has experienced a remarkable 44% population increase within a 1-mile radius over the past four years. The property's strategic location is further enhanced by its proximity to major retail centers, including the Costco and Home Depot-anchored Frisco Trails shopping center across the street, and the Target and Market Street-anchored shopping centers nearby. Furthermore, it's less than a mile from Texas Health Hospital Frisco and the UT Southwestern Medical Center, solidifying its position in a thriving and expanding community. The property's strong financials include a 5.10% cap rate and a net operating income (NOI) of $501,198. Built in 2021, this asset offers a compelling combination of strong tenant, prime location, and substantial remaining lease term, making it an attractive investment opportunity. The asking price is $9,827,000, translating to a price per square foot of $751.64.

Location Insight

City

Frisco

County

Collin

State

Texas

Latitude

33.1742

Longitude

-96.8316

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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