| Price $3,850,000 | Built/Renov 2000 | Tenant CVS |
| Cap Rate 7.37% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,908
| Lease Start
01-12-2001
| #Units
9,900
|
| Price/SF $352.95 | Expiration
01-11-2029
| Tenant Type Pharmacy |
| NOI $283,681 | R. Term 4.5 | Ownership Fee Simple |
| Rent/SF
$26.01
| Increases 2.0%/5/yrs | Pop 5Mi 31,055 |
| Lot/AC 1.56 | Options 4/5yrs/2% | AHHI 5Mi $39,873 |
| | |
CVS is strategically located at the signalized, hard corner intersection of East Magnolia Street and Brevard Ave, offering multiple points of ingress & egress. The property also benefits from its location directly at the interchange of Florida State Road 70 & US Route 17, which connects Bradenton to Fort Pierce and Punta Gorda to Jacksonville. The surrounding area features national credit...
...Signalized intersection
Hard corner intersection
In location for years
Highway close
Income tax free state
Long operation history
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 and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,392 | 17,787 | 22,016 |
| 2023 Total Population : | 8,131 | 17,375 | 21,615 |
| 2023 Employed Civilian Pop : | 3,393 | 6,787 | 8,218 |
| 2023 Total Businesses : | 443 | 683 | 770 |
| 2023 Average Household Income : | $ 46,596 | $ 52,452 | $ 53,796 |
| 2023 Total Consumer Spending : | $ 113 M | $ 289 M | $ 373 M |
| 2023 Median Age : | 32 | 35 | 36 |
| 2023 Total Households : | 2,777 | 6,267 | 7,864 |
| 2023 Pop Age 25+: Bachelor's Degree : | 455 | 1,000 | 1,266 |
| 2023 Average Home Value : | $ 198,113 | $ 187,503 | $ 195,865 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Magnolia Street | Magnolia St | 2021 | 9,700 | 0.03 mi |
| South Brevard Avenue | Oak St | 2021 | 8,000 | 0.05 mi |
| Oak Street | Oak St | 2022 | 9,700 | 0.07 mi |
| Magnolia St | W Magnolia St | 2005 | 8,500 | 0.07 mi |
| E Magnolia St | Brevard Ave | 2005 | 10,500 | 0.07 mi |
| East Hickory Street | N Desoto Ave | 2021 | 8,900 | 0.13 mi |
| East Hickory Street | N Pasco Ave | 2022 | 9,400 | 0.13 mi |
| Magnolia Street | Monroe Ave | 2022 | 9,100 | 0.17 mi |
| Hickory Street | N Desoto Ave | 2022 | 9,600 | 0.18 mi |
| South DeSoto Avenue | E Pine St | 2022 | 8,300 | 0.18 mi |
Arcadia, FL
Cap Rate 7.35%
Lease Abs NNN
R. Term 4.60 yrs
Size/SF 10,908
New Hyde Park, NY
Cap Rate 7.50%
Lease Abs NNN
R. Term 5.11 yrs
Size/SF 11,278
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
