A German family office has finalized the purchase of a freestanding CVS Pharmacy property in Oak Point, Texas, marking its sixth strategic CVS acquisition in the United States. International Capital, LLC, a Dallas-based real estate advisory firm specializing in representing foreign investors, represented the buyer in the transaction led by Martina Crevecoeur, CCIM, Senior Vice President of Acquisitions/Dispositions.
The transaction is reinforcing the investor’s continued commitment to prime American net-leased retail assets. The property is secured by an absolute triple-net lease that originally featured a 25-year primary term. With more than 19 years of firm lease term remaining, the asset provides the investor with two decades of predictable, hands-off cash flow backed by an investment-grade corporate guarantor.
The Oak Point asset is positioned to capitalize on the explosive growth of the DFW Metroplex in North Texas and is located just three miles south of U.S. Highway 380. This critical east-west commercial corridor is undergoing a massive transformation, driven by an influx of master-planned residential developments and major infrastructure expansions.
The surrounding local retail market is experiencing rapid upgrades, evolving from standard strip centers into major multi-tenant hubs and mixed-use districts. Recent high-profile commercial projects along the corridor highlight this shift: a newly developed, 225,000-square-foot retail center anchored by Super Target, opening to serve the surging population of nearby Little Elm; a new Sprouts Farmers Market and a newly opened Kroger have established the intersection near Ryan Spiritas Parkway as a primary regional shopping destination. Recent infrastructure upgrades by the Texas Department of Transportation (TxDOT) by adding overpasses and expanding vehicle capacity are supporting the heavy traffic streaming through the corridor.
As regional infrastructure catches up with record-breaking population growth, consumer demand along the U.S. 380 corridor continues to outpace available retail supply. This supply-demand imbalance shields local service-oriented businesses from economic downturns and ensures high real estate residual value.
For international investors, an absolute NNN pharmacy holding in this specific submarket offers several distinct long-term advantages. The steady rental income combined with zero landlord maintenance responsibilities provides a pure bond-like yield. Since the property sits directly in the path of growth, it’s capturing spillover value from neighboring high-income strongholds like Frisco and Prosper and as a provider of daily necessities and prescription healthcare, CVS Pharmacy maintains stable consumer traffic regardless of broader macroeconomic shifts.
This acquisition emphasizes International Capital's forward-looking investment advisory philosophy: pairing a secure, long-term corporate lease with land positioned in one of the fastest-growing suburban corridors in the United States.
