Retail · Denton, Texas
CVS Denton
1510 West Hickory Street, Denton, TX · Google Maps
CVS Denton is financed with a $5.0M CMBS loan at 6.841% that reaches maturity on May 6, 2036, in 9 years and 6 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $5,000,000
- Original balance (same notes)
- $5,000,000
- Interest rate
- 6.841% fixed
- Originated
- April 29, 2026
- Maturity
- May 6, 2036
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 5, 2026
- Prepayment premium ends
- February 5, 2036 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1510 West Hickory Street, Denton, TX 72601
- Rentable area
- 13,211 sq ft
- Built
- 2014
- Largest tenants
- CVS PHARMACY INC.
- Value at securitization
- $8.2M (Dec 2025)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.24x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $429K | n/a |
Comparable loans: retail properties in Texas, with NOI, occupancy and value.
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36 filing for the reporting period ending October 13, 2026, filed with the SEC October 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Aug 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per sq ft |
|---|---|---|---|
| Revenue | $429K | n/a | |
| Net operating income | $429K | n/a | |
| Net cash flow | $427K | n/a | |
| Expense ratio | n/a | n/a |
From the servicer's Schedule AL report; 13,211 sq ft.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| CVS PHARMACY INC. | 13,211 | 100% | Jan 2041 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $5.0M | Current | No | n/a | n/a |
| September 2026 | $5.0M | Current | No | n/a | n/a |
| August 2026 | $5.0M | Current | No | 1.30x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36 | 31 | $5,000,000 | Oct 2026 | SEC filing, October 28, 2026 |
Other Texas loans due in 2036
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Offices at Park Lane | Dallas, TX | Office | $38.0M | 6.43% | Jun 2036 | 2.18x | 75% | Current |
| Tractor Supply - Brenham (Market St), TX and 10 other properties | Brenham, TX | Retail | $26.8M | 6.08% | Jan 2036 | n/a | n/a | Current |
| JLL Plaza Leased Fee | Austin, TX | Other | $23.7M | 6.346% | May 2036 | 1.10x | 100% | Current |
| Northcross Shopping Center | Victoria, TX | Retail | $16.4M | 6.81% | May 2036 | n/a | n/a | Current |
| Commerce Square | Brownwood, TX | Retail | $11.3M | 6.075% | Jan 2036 | 2.03x | 93% | Current |
| Grizzly Self Storage - Mesquite and 1 other property | Mesquite, TX | Self storage | $8.2M | 6.46% | Jun 2036 | n/a | n/a | Not reported |
| Holiday Inn Express & Suites Lubbock West | Lubbock, TX | Hotel | $7.0M | 7.791% | Aug 2036 | 1.57x | 81% | Current |
| Northpark Village | Lubbock, TX | Retail | $6.4M | 6.27% | Jan 2036 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.