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1710 West Gentry Parkway

Private Family Office Acquires Retail Asset Formerly CVS Pharmacy At 1710 West Gentry Parkway
SOLDRetail

Private Family Office Acquires Retail Asset Formerly CVS Pharmacy At 1710 West Gentry Parkway

1710 West Gentry Parkway

Building Size

9,504 SF

Asset Type

Retail

Closing

May 20, 2025

AI

The property asset involved in the transaction is a former CVS Pharmacy located at 1710 West Gentry Parkway in Tyler, Texas. This retail space encompasses a total square footage of 9,504. The property was previously occupied by CVS, which has since gone dark, but it is currently subleased by Dollar General.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 1710 West Gentry Parkway
  • Market: Tyler
  • Seller: Merle Easton
  • Seller's Representative: Jesus Melo, Preston Schwartz, Kevin Puder & Chad Kurz - Matthews Real Estate Investment Services
  • Buyer: Private family office
  • Asset Acquisition: Part of a growing retail portfolio across Texas

The transaction was arranged by Matthews Real Estate Investment Services, highlighting their role in facilitating the sale of this property. The involvement of the private family office indicates strategic expansion within the retail sector in Texas.

Players

Chad Kurz

Matthews

Broker

$80.8M

vol

11 deals

Broker

Tyler Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93