CVS | 15+yrs Remaining Corp Abs NNN
15,143 SF | Retail Building | Jacksonville, FL 32210 | $11,899,000 ($786/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $11,899,000
- Property Type
-
Retail
- Square Feet
- 15,143 SF
- Price / Square Foot
- $786
Listing Contacts
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
John Redfield
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: BBB), corporate guaranteed, CVS Pharmacy investment property located in Jacksonville, FL. The tenant has over 15 years remaining in their initial term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed by CVS Caremark Corporation and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across the United States and Puerto Rico.
Property Details
- Class
- B
- Year Built
- 2011
- Stories
- 1
- Property Subtype
- Drug Store, Freestanding
- Lot Size (sq. ft)
- 61,855 SF
Highlights
- Over 15 Years Remaining | Options To Extend | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Across From Grocery Anchored Center | Strong National/Credit Tenant Presence
- Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility Along Both Cross-Streets
- Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area
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