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CVS 1820 Cheney Hwy 16,650 SF Retail Building Titusville, FL 32780 $5,564,820 CAD ($334.22 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment-Grade Guarantee
- Strong Demographics
- Hard Corner with Oversized Lot
- CVS Early Extension
- Below Market Rent & Low Price Per Square Foot
- Strong Retail Corridor
EXECUTIVE SUMMARY
Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the CVS Pharmacy located at 1820 Cheney Hwy in Titusville,
Florida. (“Property”)
This offering features over 15 years of remaining term on CVS’s Absolute NNN lease, with zero landlord responsibilities. The property is strategically positioned along
Cheney Highway (State Road 50), a major east-west thoroughfare, and benefits from strong visibility and consistent daily traffic. Titusville is part of the growing Space Coast region and home to over 52,000 residents within a 5-mile radius.
A distinct advantage of this location is its proximity to the Kennedy Space Center, one of Florida’s most visited attractions. This enhances the site’s draw to both local
customers and the area’s robust year-round tourist base.
Florida. (“Property”)
This offering features over 15 years of remaining term on CVS’s Absolute NNN lease, with zero landlord responsibilities. The property is strategically positioned along
Cheney Highway (State Road 50), a major east-west thoroughfare, and benefits from strong visibility and consistent daily traffic. Titusville is part of the growing Space Coast region and home to over 52,000 residents within a 5-mile radius.
A distinct advantage of this location is its proximity to the Kennedy Space Center, one of Florida’s most visited attractions. This enhances the site’s draw to both local
customers and the area’s robust year-round tourist base.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,650 SF
Building Class
B
Year Built
2003
Price
$5,564,820 CAD
Price Per SF
$334.22 CAD
Cap Rate
5.50%
NOI
$306,065 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.03 AC
Zoning
CC
Parking
71 Spaces (4.26 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-35-21-00-00501.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,675,660 CAD |
PROPERTY TAXES
Parcel Number
22-35-21-00-00501.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,675,660 CAD
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CVS | 1820 Cheney Hwy
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