A single tenant zero cash flow CVS property located in Corinth, Texas within the Dallas MSA. CVS has successfully operated from this location following the completion of construction in 2017. CVS is operating on a long-term lease that runs through January 2043. The lease is absolute triple
Investment Highlights
- ✅ BBB+ Investment-Grade Credit — CVS maintains strong credit providing institutional quality and 70-75% LTV financing.
- ✅ 17.0-Year Lease Security — Lease through 2043 provides long-term cash flow with minimal landlord duties.
- ✅ $336,559 Annual NOI (6.81% Cap) — Property delivers $28,047 monthly mailbox money creating truly passive income.
- ✅ Corinth, TX Market — Texas zero income tax eliminates state tax drag.
- ✅ CVS Brand Strength — Proven recession-resistant business model with long-term real estate commitment.
Property Details
| Metric |
Value |
| Price |
$4,938,990 |
| Cap Rate |
6.81% |
| Annual NOI |
$336,559 |
| Monthly Income |
$28,047 |
| Lease Remaining |
17.0 years |
| Tenant |
CVS (BBB+) |
| Lease Type |
Absolute NNN |
| Location |
Corinth, TX |
Why CVS NNN Properties?
CVS triple net properties offer institutional-quality real estate with proven fundamentals including strong BBB+ credit rating providing major lender support at 70-75% LTV, absolute NNN lease structure creating true passive mailbox money, recession-resistant business model proven through economic cycles, and purpose-built locations with long-term value retention.
Corinth, TX Market Analysis
Texas zero income tax eliminates state tax drag. The Corinth market provides strong demographics, accessible retail corridors, and consumer demand supporting long-term CVS performance and NNN lease stability.
Absolute NNN Lease Structure
This property features absolute triple net lease where tenant pays all property taxes, insurance, maintenance, repairs, and utilities. Investor responsibility limited to mortgage payment (if financed) and collecting rent checks — truly passive income.
1031 Exchange Benefits
This CVS NNN property qualifies as like-kind replacement for 1031 exchange investors seeking to defer capital gains tax, simplify from active to passive real estate, eliminate landlord responsibilities, preserve wealth through institutional quality, and generate predictable income through 17.0-year lease term.
Financing Available
CVS’s BBB+ credit provides excellent financing options including 70-75% LTV from major banks, competitive interest rates, 25-30 year amortization, and non-recourse options for qualified borrowers.
Contact American Net Lease
We represent buyers only — your interests come first. Specializing in CVS NNN acquisitions nationwide.
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