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24 CVS Pharmacies sell for $116M; see the Texas 724 CVS Pharmacies sell for $116M; see the Texas 7https://www.recenter.tamu.edu/news/newstalk-texas/?Item=149432016-10-26T05:00:00Z2016-10-26T21:10:00Z

​​​TEXAS - An affiliate of Inland Real Estate Acquisitions has acquired 24 newly developed CVS/pharmacy properties across 14 states, including Texas.

Overall, the properties total 276,466 sf. 

The purchase price of more than $116 million averages to about $419.60 per sf.​​​

The CVS Pharmacy properties Inland purchased in Texas include:​

  • ​​​​​Dallas: 8555 Ferguson Road​
  • Floresville: 744 U.S. Highway 181 N.​​
  • Frisco: 12740 Eldorado Parkway​
  • Haslet: 13901 Sendera Ranch Blvd.​
  • Pearland: 15027 State Highway 6​
  • San Antonio: 9050 FM 1560 N.​

See the entire list from Arkansas to Wisconsin here.​

Newly constructed, triple-net leased assets remain in high demand and limited supply, according to CoStar data. 

Cap rates on the sale of the most recently built CVS properties averaged 5.2 percent compared to 6.1 percent to the group as a whole.​

REBUSINESS
Texas
Retail
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