Marcus & Millichap sells landmark CVS in downtown Dallas

Marcus & Millichap brokered the sale of a 10,430-square-foot CVS in downtown Dallas. Terms of the deal were not disclosed. “This is an irreplaceable location in Downtown Dallas with a long-term credit net lease. A win-win on all fronts,” said Alvin Mansour, executive managing director investments, The Mansour Group of Marcus & Millichap. “The trophy generational asset is set on almost a full acre between the Harwood District and Victory Park, adjacent to the American Airlines Center.” Alvin Mansour and Kevin Mansour represented the seller, Consolidated Tomoka. Ronnie Issenberg and Gabriel Britti, senior managing directors, The Issenberg Britti Group of Marcus & Millichap in Miami procured the buyer, a Florida-based 1031 trade buyer. “Strong credit-backed, single-tenant, net-lease retail assets, especially the highest-quality properties in the best metros, have historically demonstrated their resiliency through economic turbulence and we fully expect that trend to continue,” said Issenberg. Click to read more at