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| Price $11,660,000 | Built/Renov 2015 | Tenant CVS |
| Cap Rate 4.35% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
12,900
| Lease Start
09-01-2015
| #Units
9,900
|
| Price/SF $903.88 | Expiration
08-31-2040
| Tenant Type Pharmacy |
| NOI $507,206 | R. Term 15.8 | Ownership Fee Simple |
| Rent/SF
$39.32
| Increases 10.0%/3/yrs | Pop 5Mi 54,825 |
| Lot/AC 2.25 | Options 5/5yrs/10% | AHHI 5Mi $121,774 |
| | |
CVS Pharmacy is strategically located at the signalized, hard corner intersection of U.S. Highway 206 and Lackawanna Drive, averaging a combined 24,300 vehicles passing by daily. The property benefits from nearby access to Interstate 80 (67,800 VPD), a cross country freeway that leads directly into the heart of the New York City Metropolitan Area. Furthermore, the asset is ideally situated...
...Signalized intersection
Hard corner intersection
Highway location
Top 100 MSA
Affluent suburb location
Long 15+ yr lease
Absolute NNN
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...
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 2018 | 24,311 | 0.16 mi | ||
| Lackawanna Drive | Bells Ln | 2017 | 3,162 | 0.22 mi |
| Lackawanna Dr | Bells Ln | 2018 | 3,162 | 0.36 mi |
| US Hwy 206 | Hartman Ln | 2011 | 22,177 | 0.36 mi |
| Waterloo Rd | Hamblin Ln | 2008 | 4,337 | 0.56 mi |
| US Hwy 206 | Acorn St | 2018 | 23,157 | 0.70 mi |
| Waterloo Rd | Sussex St | 2013 | 4,315 | 0.76 mi |
| Waterloo Rd | River Rd | 2018 | 1,500 | 1.01 mi |
| Waterloo Road | Waterloo Rd | 2018 | 1,668 | 1.18 mi |
| Stanhope Sparta Rd | Lenape Dr | 2013 | 5,342 | 1.24 mi |
Wildwood, FL
Cap Rate 5.25%
Lease Abs NNN
R. Term 20.20 yrs
Size/SF 14,856
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
