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Views: 211 DOM: 776 Updated: 09.27.24 Posted: 10.18.22 Status: Active

Summary

Price $7,668,000
Built/Renov 2010
Tenant CVS Pharmacy
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,802
Lease Start 12-21-2011
#Units 9,395
Price/SF $555.57
Expiration 01-31-2037
Tenant Type Pharmacy
NOI $402,551
R. Term 12.2
Ownership Fee Simple
Rent/SF $29.17
Increases 0.0%/5/yrs
Pop 5Mi 48,673
Lot/AC 1.80
Options 10/5yrs
AHHI 5Mi $72,402

Lease Highlights

  • The tenant has 12+ years remaining in their initial term with 10 (5-year) options to extend
  • Options 1 and 2 will feature 90% of the current NOI - Fair Market Value rent at the beginning of each subsequent option
  • Absolute NNN lease | Zero landlord responsibilities 
  • Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard-corner intersection of U.S. Highway 27 and Sand Mine Road, averaging a combined 38,500 vehicles passing by daily. The asset is adjacent to a Dollar General store and across from a Publix anchored center, significantly increasing consumer draw to the immediate trade area. Other nearby/national credit tenants include Circle K, Dollar...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
San Salvador Pl 2012 3,085 0.94 mi
US Hwy 27 International Bass Blvd 2008 38,300 1.02 mi
US 31 Ridgemont Ln 2020 38,500 1.09 mi
N Goodman Rd Roccella Ct 2001 518 1.53 mi
Hwy 27 2020 9,300 2.06 mi
Co Rd 530 2020 8,900 2.06 mi
Co Rd 530 2020 17,000 2.08 mi
Funie Steed Rd Picadilly Cir 2012 4,212 2.09 mi
North Goodman Road N Goodman Rd 2020 2,500 2.09 mi
US 31 Town Center Blvd 2020 45,500 2.12 mi

Listing Broker

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