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Views: 156 DOM: 652 Updated: 10.15.24 Posted: 03.10.23 Status: Active 10.15.24

Summary

Price $6,131,411
Built/Renov 2001
Tenant CVS Pharmacy
Cap Rate 7.58%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,856
Lease Start 07-25-2002
#Units 9,395
Price/SF $564.79
Expiration 01-31-2028
Tenant Type Pharmacy
NOI $464,761
R. Term 3.1
Ownership Fee Simple
Rent/SF $42.81
Increases 0.0%/0/yrs
Pop 5Mi 234,588
Lot/AC 1.77
Options 10/5yrs
AHHI 5Mi $84,009

Lease Highlights

  • CVS has a 19+ year operating history at this location
  • The tenant has 3+ years remaining on its current lease with 10 (5-year) options to extend
  • Seller to offer full 1 to 1 rent credit at closing | Lease contains rent holiday
  • Absolute NNN | Zero landlord responsibilities 
  • Corporate guarantee | Investment grade tenant

Location Description

CVS is strategically located at the signalized, hard corner intersection of West Brandon Boulevard and North Kings Avenue with access to over 80,000 vehicles per day. The subject property consists of free-standing building comprised of 10,856 square feet of retail space and is situated on a large 1.77-acre parcel of land. Located within a dense retail corridor, the property is near several...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,459 106,837 239,203
2023 Total Population : 8,715 104,970 234,571
2023 Employed Civilian Pop : 4,525 56,367 123,606
2023 Total Businesses : 1,463 4,390 8,390
2023 Average Household Income : $ 70,458 $ 92,212 $ 92,411
2023 Total Consumer Spending : $ 222 M $ 3277 M $ 7120 M
2023 Median Age : 40 38 38
2023 Total Households : 3,612 40,917 88,895
2023 Pop Age 25+: Bachelor's Degree : 1,712 19,413 38,561
2023 Average Home Value : $ 244,572 $ 349,984 $ 329,541
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Brandon Blvd S Kings Ave 2016 74,000 0.07 mi
Oakfield Drive Fairmaiden Ln 2021 10,600 0.28 mi
West Brandon Boulevard N Knights Ave 2021 64,000 0.29 mi
N Kings Ave W Sadie St 2015 8,616 0.34 mi
Oakfield Dr Noland Dr 2001 15,959 0.39 mi
W Brandon Blvd N Moon Ave 2016 67,500 0.41 mi
S Kings Ave Westwood Dr 2017 20,917 0.46 mi
West Brandon Boulevard W Brandon Blvd 2021 72,000 0.46 mi
Pauls Dr Zellwood Dr 2015 3,495 0.47 mi
Oakfield Dr S Moon Ave 2011 17,737 0.51 mi

Listing Broker

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