Sold Subscription Required
| Price $9,090,909 | Built/Renov 1998 | Tenant CVS |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,163
| Lease Start
02-01-2004
| #Units
9,900
|
| Price/SF $641.88 | Expiration
02-28-2034
| Tenant Type Pharmacy |
| NOI $500,000 | R. Term 9.5 | Ownership Fee Simple |
| Rent/SF
$35.30
| Increases 10.0%/1/yrs | Pop 5Mi 336,694 |
| Lot/AC 1.18 | Options 2/5yrs/10% | AHHI 5Mi $161,173 |
| | |
This 14,163 square foot CVS is strategically located at the signalized, hard corner intersection of Seaman’s Neck Road and Merrick Road with access to 53,400 vehicles per day. The site benefits from its location within a dense residential neighborhoods that provide a robust consumer base. Neighboring national/credit tenants in the area include Burger King, Starbucks, Stop and Shop, Tim...
...Hard corner intersection
In location for years
High traffic 50M+ VPD
Highway close
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
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 : | 19,408 | 127,153 | 333,994 |
| 2023 Total Population : | 19,771 | 129,445 | 337,394 |
| 2023 Employed Civilian Pop : | 10,726 | 69,075 | 178,655 |
| 2023 Total Businesses : | 676 | 4,194 | 10,718 |
| 2023 Average Household Income : | $ 188,259 | $ 190,949 | $ 172,488 |
| 2023 Total Consumer Spending : | $ 1062 M | $ 6964 M | $ 16020 M |
| 2023 Median Age : | 44 | 45 | 43 |
| 2023 Total Households : | 6,792 | 43,909 | 111,325 |
| 2023 Pop Age 25+: Bachelor's Degree : | 4,127 | 28,068 | 63,413 |
| 2023 Average Home Value : | $ 643,678 | $ 653,713 | $ 611,568 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Merrick Rd | Walsall St | 2016 | 3,693 | 0.04 mi |
| Seamans Neck Rd | Ray St | 2016 | 3,875 | 0.04 mi |
| Seamans Neck Road | Condit St | 2018 | 3,845 | 0.05 mi |
| Merrick Rd | 2018 | 8,877 | 0.10 mi | |
| Merrick Rd | Narraganset Ave | 2019 | 35,492 | 0.12 mi |
| Merrick Rd | 2018 | 6,289 | 0.14 mi | |
| Harbor Blvd | 2021 | 196 | 0.16 mi | |
| Waverly Avenue | Southard Ave | 2018 | 14,663 | 0.20 mi |
| Waverly Ave | Southard Ave | 2019 | 2,827 | 0.21 mi |
| Waverly Avenue | Washington Ave | 2021 | 2,857 | 0.24 mi |
Staten Island, NY
Cap Rate 5.14%
Lease Abs NNN
R. Term 13.60 yrs
Size/SF 13,961
Miami, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 23.60 yrs
Size/SF 13,295
Warminster, PA
Cap Rate 6.01%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 13,013
Dallas, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 10.50 yrs
Size/SF 13,420
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
