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| Price $3,859,592 | Built/Renov 2000 | Tenant CVS Pharmacy |
| Cap Rate 7.35% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,908
| Lease Start
01-12-2001
| #Units
9,395
|
| Price/SF $353.83 | Expiration
01-11-2029
| Tenant Type Pharmacy |
| NOI $283,680 | R. Term 4.1 | Ownership Fee Simple |
| Rent/SF
$26.01
| Increases 2.0%/1/yrs | Pop 5Mi 23,306 |
| Lot/AC 1.56 | Options 4/5yrs/2% | AHHI 5Mi $51,570 |
| | |
CVS Pharmacy is strategically located at the signalized, hard corner intersection of Brevard Avenue and East Magnolia Street, with access to a combined daily traffic count of 18,100 vehicles. The property is conveniently close to several colleges and universities, including South Florida State College, Suncoast Technical College, and Florida Southwestern College. Surrounding the site are...
...Signalized intersection
Hard corner intersection
In location for years
Dense retail corridor
Near major nationals
Strategically located
Income tax free state
Annual rent increases
Traded and rated company
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 : | 8,392 | 17,787 | 22,016 |
| 2023 Total Population : | 8,131 | 17,375 | 21,615 |
| 2023 Employed Civilian Pop : | 3,393 | 6,787 | 8,218 |
| 2023 Total Businesses : | 443 | 683 | 770 |
| 2023 Average Household Income : | $ 46,596 | $ 52,452 | $ 53,796 |
| 2023 Total Consumer Spending : | $ 113 M | $ 289 M | $ 373 M |
| 2023 Median Age : | 32 | 35 | 36 |
| 2023 Total Households : | 2,777 | 6,267 | 7,864 |
| 2023 Pop Age 25+: Bachelor's Degree : | 455 | 1,000 | 1,266 |
| 2023 Average Home Value : | $ 198,113 | $ 187,503 | $ 195,865 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Magnolia Street | Magnolia St | 2021 | 9,700 | 0.03 mi |
| South Brevard Avenue | Oak St | 2021 | 8,000 | 0.05 mi |
| Oak Street | Oak St | 2022 | 9,700 | 0.07 mi |
| Magnolia St | W Magnolia St | 2005 | 8,500 | 0.07 mi |
| E Magnolia St | Brevard Ave | 2005 | 10,500 | 0.07 mi |
| East Hickory Street | N Desoto Ave | 2021 | 8,900 | 0.13 mi |
| East Hickory Street | N Pasco Ave | 2022 | 9,400 | 0.13 mi |
| Magnolia Street | Monroe Ave | 2022 | 9,100 | 0.17 mi |
| Hickory Street | N Desoto Ave | 2022 | 9,600 | 0.18 mi |
| South DeSoto Avenue | E Pine St | 2022 | 8,300 | 0.18 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
