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| Price $1,134,000 $1,512,065 | Built/Renov 2005 | Tenant CVS Pharmacy |
| Cap Rate 9.60% 7.20% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,093
| Lease Start
04-01-2005
| #Units
9,395
|
| Price/SF $112.36 $149.81 | Expiration
01-31-2030
| Tenant Type Pharmacy |
| NOI $108,869 | R. Term 5.1 | Ownership Fee Simple |
| Rent/SF
$10.79
| Increases 33.0%/7/yrs | Pop 5Mi 8,382 |
| Lot/AC 1.03 | Options 10/5yrs/33% | AHHI 5Mi $73,018 |
| | |
CVS is strategically positioned at the hard corner intersection of State Street & State Route 1, which has a combined daily traffic count of 16,800 vehicles. The area benefits from limited competition, with the nearest Walgreens situated over 10 miles east of the property. The vicinity is surrounded by prominent national retailers, including Walmart Supercenter, McDonald's, Ace Hardware,...
...Signalized intersection
Hard corner intersection
In location for years
Near major nationals
Strategically located
Long operation history
Absolute NNN
Limited competition
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,808 | 5,426 | 8,092 |
| 2023 Total Population : | 3,979 | 5,629 | 8,382 |
| 2023 Employed Civilian Pop : | 1,738 | 2,449 | 3,694 |
| 2023 Total Businesses : | 220 | 272 | 343 |
| 2023 Average Household Income : | $ 64,930 | $ 70,878 | $ 73,018 |
| 2023 Total Consumer Spending : | $ 98 M | $ 150 M | $ 229 M |
| 2023 Median Age : | 45 | 47 | 45 |
| 2023 Total Households : | 1,704 | 2,394 | 3,544 |
| 2023 Pop Age 25+: Bachelor's Degree : | 335 | 501 | 665 |
| 2023 Average Home Value : | $ 119,603 | $ 143,881 | $ 138,635 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| IL 1 | State St | 2021 | 3,900 | 0.03 mi |
| State St | State Rte1 | 2005 | 9,600 | 0.03 mi |
| State St | State Rte1 | 2005 | 8,900 | 0.07 mi |
| IL 1 | State St | 2021 | 4,900 | 0.07 mi |
| US 50 Business | 13th St | 2021 | 6,550 | 0.09 mi |
| 14th St | 2022 | 700 | 0.10 mi | |
| State Route 1 | Water St | 2005 | 4,700 | 0.11 mi |
| US 50 Business | 16th St | 2021 | 7,300 | 0.13 mi |
| IL 1 | Jefferson St | 2021 | 4,850 | 0.15 mi |
| State Route 1 | 15th St | 2005 | 4,050 | 0.16 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
