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CVS 1037 Main St 12,927 SF Retail Building Chipley, FL 32428 $4,725,902 CAD ($365.58 CAD/SF) 7.35% Cap Rate
Executive Summary
This freestanding CVS is located at the hard corner (NEC) of Main Street and South Boulevard in Chipley, Florida. Chipley is a neighborhood community in fast growing Washington County in the Florida Panhandle, along the I-10 corridor between Tallahassee and Pensacola. The property itself is located directly on US Highway 77 (Main Street), a prominent north/south route with 19,500 VPD at the intersection with South Boulevard. CVS opened in 2011 and occupies an attractive, modern freestanding prototype building with a 2-lane attached drive-thru facility and ample customer parking.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,927 SF
Building Class
C
Year Built
2010
Price
$4,725,902 CAD
Price Per SF
$365.58 CAD
Cap Rate
7.35%
NOI
$347,354 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.81
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
Store Building - Store Building
Frontage
342’ on Main St
Nearby Major Retailers
Property Taxes
| Parcel Number | 00000000-00-1856-0000 | Improvements Assessment | $977,468 CAD |
| Land Assessment | $204,137 CAD | Total Assessment | $1,181,604 CAD |
Property Taxes
Parcel Number
00000000-00-1856-0000
Land Assessment
$204,137 CAD
Improvements Assessment
$977,468 CAD
Total Assessment
$1,181,604 CAD
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CVS | 1037 Main St
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