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| Price $10,324,000 $10,666,724 | Built/Renov 2023 | Tenant CVS |
| Cap Rate 5.42% 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
12,850
| Lease Start
10-22-2023
| #Units
9,900
|
| Price/SF $803.42 $830.10 | Expiration
01-31-2049
| Tenant Type Pharmacy |
| NOI $560,003 | R. Term 23.9 | Ownership Fee Simple |
| Rent/SF
$43.58
| Increases 10.0%/5/yrs | Pop 5Mi 25,873 |
| Lot/AC 1.46 | Options 6/5yrs/10% | AHHI 5Mi $111,872 |
| | |
This newly constructed CVS is situated on a highly visible corner parcel at the signalized intersection of Main Street (MA Route 9) and Pleasant Street (MA Route 31) seeing a combined 21,200 vehicles per day. The site is a relocation store benefiting from its new location along the town’s primary commercial and commuter corridors. Neighboring national/credit tenants include Price Chopper,...
...New construction
Hard corner intersection
Major thoroughfare
Strategically located
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
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 and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,045 | 11,818 | 26,382 |
| 2023 Total Population : | 5,976 | 11,760 | 26,279 |
| 2023 Employed Civilian Pop : | 2,574 | 5,778 | 13,687 |
| 2023 Total Businesses : | 144 | 350 | 708 |
| 2023 Average Household Income : | $ 78,455 | $ 98,418 | $ 110,887 |
| 2023 Total Consumer Spending : | $ 190 M | $ 436 M | $ 1009 M |
| 2023 Median Age : | 41 | 43 | 44 |
| 2023 Total Households : | 2,817 | 5,167 | 10,662 |
| 2023 Pop Age 25+: Bachelor's Degree : | 394 | 1,292 | 3,494 |
| 2023 Average Home Value : | $ 308,030 | $ 402,476 | $ 424,032 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| MA 31 | Cottage St | 2021 | 7,978 | 0.05 mi |
| Pleasant Street | Cottage St | 2022 | 6,763 | 0.05 mi |
| Pleasant St | Cottage St | 2001 | 6,893 | 0.05 mi |
| Maple St | Mc Donald St | 2002 | 4,400 | 0.28 mi |
| Maple St | Mc Donald St | 2003 | 5,650 | 0.31 mi |
| Maple Street | 2019 | 3,950 | 0.52 mi | |
| Maple Street | Mc Donald St | 2022 | 3,364 | 0.52 mi |
| MA 31 | Dustin St | 2021 | 3,620 | 0.52 mi |
| MAPLE STREET | Dustin St | 2020 | 3,232 | 0.52 mi |
| Olde Main Street | Main St | 2018 | 699 | 0.70 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
