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Views: 18 DOM: 21 Updated: 09.16.24 Posted: 08.26.24 Status: Active

Summary

Price $8,024,000
Built/Renov 2009
Tenant CVS Pharmacy
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,900
Lease Start 01-01-2010
#Units 9,395
Price/SF $622.02
Expiration 01-01-2035
Tenant Type Pharmacy
NOI $481,428
R. Term 10.3
Ownership Fee Simple
Rent/SF $37.32
Increases 10.0%/9/yrs
Pop 5Mi 98,357
Lot/AC 1.69
Options 6/5yrs/10%
AHHI 5Mi $95,648

Lease Highlights

  • CVS Pharmacy has 10+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located near the signalized, hard corner intersection of SW Archer Road and SW 75th Street, with access to a combined daily traffic count of 30,200 vehicles. The property features a large monument sign and is directly across from Town Square, a shopping center anchored by Publix Super Market. Additionally, it is just 5 miles southwest of the University of Florida,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About 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...


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Listing Broker

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