CVS

8953 Virginia Parkway, McKinney, TX 75071

$7,207,000

Cap Rate 5.44%

View OM

DOM: 65 Updated: 07.29.25 Posted: 07.29.25 Status: Active 07.29.25

Summary

Price $7,207,000	Built/Renov 2011	Tenant CVS
Cap Rate 5.44%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 14,391	Lease Start 12-21-2011	#Units 9,144
Price/SF $500.80	Expiration 01-31-2037	Tenant Type Pharmacy
NOI $392,028	R. Term 11.4	Ownership Fee Simple
Rent/SF $27.24	Increases 0.0%/0/yrs	Pop 5Mi 249,516
Lot/AC 1.87	Options 10/5yrs	AHHI 5Mi $187,031

Highlights

The tenant has 12 years remaining on the lease, with ten (10) five-year renewal options
Absolute NNN lease with zero landlord responsibilities
Corporate guaranteed lease

Location Description

CVS is located at the signalized hard-corner intersection of Virginia Parkway and Custer Road, with a combined traffic count of over 96,500 vehicles per day. The site sits across from a shopping center anchored by Sprouts, LA Fitness, and Dunkin’, and is within walking distance to a 124,000+ SF Home Depot and supporting retail. Other nearby national tenants include Walmart Supercenter, H-E-B,...

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Key Features

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Major thoroughfare
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Top performing store
Corporate Guarantee
Over 1000 units backed

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Links

CVS Wikipedia CVS Pharmacy Wikipedia McKinney, Texas Zip Code 75071 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CVS Pharmacy
Guarantor:Corp T and Rated
Company:CVS Health Corporation
# Units:9,144
Tenant S&P: BBB
Moody’s: Baa3
Stock: NYSE: CVS

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs and...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	14,112	116,051	281,579
2025 Total Population :	13,961	108,668	254,749
2025 Employed Civilian Pop :	7,469	55,481	131,075
2025 Total Businesses :	299	2,399	5,656
2025 Average Household Income :	$ 181,922	$ 204,126	$ 196,411
2025 Total Consumer Spending :	$ 708 M	$ 6032 M	$ 14084 M
2025 Median Age :	38	37	37
2025 Total Households :	4,657	35,161	84,925
2025 Pop Age 25+: Bachelor's Degree :	3,700	27,955	64,653
2025 Average Home Value :	$ 559,762	$ 626,983	$ 641,349

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Virginia Pkwy	Peregrine Dr	2011	13,492	0.05 mi
Virginia Pkwy	Falcon View Dr	2011	7,438	0.33 mi
N Custer Rd	Bristol Dr	2004	83,000	0.53 mi
Cotton Ridge North Road	Royal Oaks Dr	2022	2,341	0.53 mi
N Cotton Ridge Rd	Regal Oaks Dr	2009	1,690	0.54 mi
Bristol Dr	Cove Meadow Ct	2009	320	0.56 mi
Aero Country Rd	Jungmeister Ln	2009	350	0.76 mi
Virginia Pkwy	Hagen Dr	2011	7,755	0.80 mi
Pvt Rd 5165	Aero Country Rd	2004	20	0.85 mi
Rose Garden Dr	Rose Bud Ct	2009	430	0.92 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
114442 Views
181 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
125968 Views
214 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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