| Price $8,400,000 | Built/Renov 2023 | Tenant CVS Pharmacy (GL) |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
13,295
| Lease Start
12-27-2022
| #Units
9,395
|
| Price/SF $631.82 | Expiration
12-26-2047
| Tenant Type Pharmacy |
| NOI $420,000 | R. Term 23.7 | Ownership Ground Lease |
| Rent/SF
$31.59
| Increases 10.0%/4/yrs | Pop 5Mi 407,711 |
| Lot/AC 1.05 | Options 5/5yrs/10% | AHHI 5Mi $96,514 |
| | |
This newly constructed CVS is strategically located on the hard corner, signalized intersection of SW 112th Street and SW 134th Avenue, with excellent access and visibility to more than 13,900 vehicles per day. The property sits as an outparcel to a highly trafficked and completely renovated Publix anchored center, comprised of 109,000+ SF of retail and tenants including YouFit Health Club,...
...New construction
Relocation store
Dense retail corridor
Shopping Ctr out-parcel
Strong demographics
Income tax free state
Long 20+ yr lease
Absolute NNN
Corporate Guarantee
Investment grade tenant
CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 16,221 | 168,235 | 392,394 |
| 2023 Total Population : | 16,792 | 172,326 | 401,810 |
| 2023 Employed Civilian Pop : | 9,012 | 87,498 | 205,425 |
| 2023 Total Businesses : | 1,822 | 9,779 | 18,395 |
| 2023 Average Household Income : | $ 116,572 | $ 99,907 | $ 105,730 |
| 2023 Total Consumer Spending : | $ 581 M | $ 5249 M | $ 12247 M |
| 2023 Median Age : | 42 | 40 | 40 |
| 2023 Total Households : | 5,868 | 61,117 | 135,369 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,165 | 31,916 | 71,986 |
| 2023 Average Home Value : | $ 432,861 | $ 423,836 | $ 443,057 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Southwest 134th Avenue | SW 111th Ter | 2022 | 6,200 | 0.07 mi |
| Southwest 112th Street | SW 134th Ave | 2021 | 7,500 | 0.32 mi |
| Southwest 127th Avenue | SW 127th Ave | 2022 | 21,500 | 0.45 mi |
| Southwest 104th Street | SW 132nd Ave | 2021 | 37,500 | 0.52 mi |
| Southwest 104th Street | SW 142nd Ave | 2022 | 38,500 | 0.52 mi |
| SW 127th Ave | SW 106th St | 2006 | 12,290 | 0.60 mi |
| Southwest 137th Avenue | SW 120th St | 2022 | 40,500 | 0.61 mi |
| Southwest 120th Street | SW 127th Ave | 2022 | 27,500 | 0.66 mi |
| SW 137th Ave | SW 105th St | 2009 | 48,000 | 0.72 mi |
| SW 104th St | SW 137th Ct | 2006 | 40,560 | 0.82 mi |
Dallas, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 10.80 yrs
Size/SF 13,420
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
