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| Price $4,177,250 | Built/Renov 2005 | Tenant CVS Pharmacy |
| Cap Rate 5.75% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
10,125
| Lease Start
12-01-2020
| #Units
9,395
|
| Price/SF $412.57 | Expiration
11-30-2035
| Tenant Type Pharmacy |
| NOI $240,188 | R. Term 11.0 | Ownership Fee Simple |
| Rent/SF
$23.72
| Increases 6.0%/14/yrs | Pop 5Mi 13,136 |
| Lot/AC 1.19 | Options 2/4yrs/6% | AHHI 5Mi $74,925 |
| | |
CVS Pharmacy is strategically located at the signalized, hard corner intersection of Bridge Street and Allegheny Street, with access to a combined daily traffic count of 16,800 vehicles. The property benefits from two points of access and is surrounded by well-known national tenants including Weis Market, Napa, Exxon, Domino's, and more. Additionally, it is situated just down the street from...
...Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Hospital close
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
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 and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,454 | 9,009 | 12,965 |
| 2023 Total Population : | 4,545 | 9,144 | 13,136 |
| 2023 Employed Civilian Pop : | 1,886 | 4,004 | 5,757 |
| 2023 Total Businesses : | 170 | 294 | 383 |
| 2023 Average Household Income : | $ 69,725 | $ 71,362 | $ 74,925 |
| 2023 Total Consumer Spending : | $ 115 M | $ 239 M | $ 353 M |
| 2023 Median Age : | 39 | 42 | 44 |
| 2023 Total Households : | 1,862 | 3,788 | 5,357 |
| 2023 Pop Age 25+: Bachelor's Degree : | 519 | 924 | 1,350 |
| 2023 Average Home Value : | $ 163,789 | $ 175,135 | $ 189,828 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Oliver St | Walnut St | 2017 | 1,402 | 0.05 mi |
| Bridge St | Allegheny St | 2017 | 8,494 | 0.08 mi |
| Locust St | 2022 | 701 | 0.14 mi | |
| Allegheny St | 2022 | 1,215 | 0.16 mi | |
| Welker Ln | 2022 | 956 | 0.18 mi | |
| Thomas Street | Plymouth Ave | 2021 | 7,327 | 0.20 mi |
| Juniper Aly | 2022 | 244 | 0.20 mi | |
| Allegheny Street | Spruce St | 2022 | 1,178 | 0.21 mi |
| Oliver Street | T351 | 2020 | 553 | 0.23 mi |
| Locust St | Howard St | 2016 | 834 | 0.25 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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