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| Price $3,562,583 | Built/Renov 2006 | Tenant CVS Pharmacy |
| Cap Rate 6.25% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
10,055
| Lease Start
04-05-2006
| #Units
9,395
|
| Price/SF $354.31 | Expiration
01-31-2032
| Tenant Type Pharmacy |
| NOI $222,661 | R. Term 7.1 | Ownership Fee Simple |
| Rent/SF
$22.14
| Increases 0.0%/0/yrs | Pop 5Mi 21,802 |
| Lot/AC 1.62 | Options 4/5yrs | AHHI 5Mi $108,698 |
| | |
The property is located along Meadow Street, a primary thruway in the area. The tenant features limited competition in the area, as this is the only national drug store within 8 miles. Retailers include Hannaford, Dollar General, McDonald’s, Dunkin’, and several others. Other traffic draws through the corridor include the Clinton Farmers Market, the United States Postal Office, Hamilton...
...In location for years
Dense retail corridor
Near major nationals
Strong tenant synergy
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long operation history
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 2,517 | 8,789 | 21,667 |
| 2022 Total Population : | 2,562 | 8,923 | 21,947 |
| 2022 Employed Civilian Pop : | 1,461 | 4,167 | 10,628 |
| 2022 Total Businesses : | 167 | 316 | 875 |
| 2022 Average Household Income : | $ 105,783 | $ 113,022 | $ 108,151 |
| 2022 Total Consumer Spending : | $ 115 M | $ 314 M | $ 821 M |
| 2022 Median Age : | 51 | 39 | 48 |
| 2022 Total Households : | 1,288 | 3,268 | 8,883 |
| 2022 Pop Age 25+: Bachelor's Degree : | 503 | 1,323 | 3,740 |
| 2022 Average Home Value : | $ 272,912 | $ 286,501 | $ 264,418 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Meadow Street | 2018 | 6,829 | 0.31 mi | |
| Franklin Ave | College St | 2006 | 6,620 | 0.36 mi |
| College Street | Franklin Ave | 2018 | 4,830 | 0.39 mi |
| Fountain Street | 2018 | 2,004 | 0.47 mi | |
| Fountain Street | 2018 | 1,946 | 0.48 mi | |
| E Park Row | S Park Row | 2019 | 2,139 | 0.53 mi |
| N Park Row | Kirkland Ave | 2019 | 1,602 | 0.59 mi |
| State Hwy 12B | Furnace St | 2006 | 5,230 | 0.60 mi |
| Harding Road | Hwy 12B | 2018 | 2,342 | 0.64 mi |
| College Hill Road | Anderson Rd | 2018 | 4,099 | 0.67 mi |
Meadows Place, TX
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
