CVS Pharmacy
14,856 SF | Retail Building | Wildwood, FL 34785 | $11,315,600 ($762/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $11,315,600
- Property Type
-
Retail
- Square Feet
- 14,856 SF
- Price / Square Foot
- $762
Listing Contacts
Will Pike
Verified Profile
Thomas Carr
Verified Profile
Brian Pfohl
Verified Profile
Kaitlyn Wolf
Verified Profile
Leah Lindell
Verified Profile
Abby Kelly
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Mark Drazek
Verified Profile
- Property Info
Property Overview
The CBRE Net Lease Property Group is pleased to offer for sale the 14,856-square-foot CVS Pharmacy located on 2.10 acres in Wildwood, Florida—part of the Orlando-Kissimmee, FL MSA (Population: 2.8M+). Currently under construction (expected commencement in April 2024), CVS’ brand-new NNN lease features 20 years of primary term and a corporate guaranty from CVS Health Corporation (NYSE: CVS; S&P: BBB). Additionally, the six, 5-year renewal options boast a 10% rent increase at the onset of each extension.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 91,476 SF
Highlights
- Brand-New NNN Lease with Corporate Guaranty from CVS Health Corporation (NYSE: CVS; S&P: BBB)
- Currently Under Construction | Expected Delivery Date is April 2024
- Located in the Heart of The Villages | The Largest Single-Site Residential Real Estate Development in the U.S.
- Adjacent to the 95,694-Square-Foot Pinellas Plaza | Winn-Dixie, Walgreens, T-Mobile, The UPS Store, Subway, etc.
- Orlando-Kissimmee, FL MSA Advantage | MSA Population: 2.8M+
- Located on the hard corner of Sumter County Rd 466A (17,300 VPD) & Powell Rd (10,600 VPD).
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