2420 W Wheatland Rd Dallas, TX 75237

This exceptional investment opportunity presents a fee-simple interest (land and building) in a 13,420-square-foot CVS Pharmacy in Dallas, Texas. The property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $447,455. The absolute NNN lease with CVS Pharmacy, Inc., features a corporate guarantee from CVS Caremark Corporation, eliminating landlord responsibilities. With approximately 10.2 years remaining on the initial lease term and ten 5-year renewal options, this investment offers long-term stability and predictable cash flow. The property, built in 2009, sits on a 1.78-acre lot with 69 parking spaces and is zoned PD - Planned Development. Its prime location at 2420 W Wheatland Rd, Dallas, TX 75237, benefits from high traffic counts (32,200 vehicles daily) at a signalized intersection, proximity to major roadways (Interstate 20), and strong tenant synergy with nearby national retailers like Target, Ross, and Home Depot. The area also boasts a significant population density, including nearby universities, schools, and residential complexes, creating a robust customer base. This property is an ideal, management-free investment in a state with no state income tax.