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CVS 3511 US Highway 19 12,501 SF 100% Leased Retail Building New Port Richey, FL 34652 $3,840,889 CAD ($307.25 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure – CVS operates under an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities
- Corporate Guarantee – Lease is corporately guaranteed by CVS Health (NASDAQ: CVS).
- Dense Surrounding Population – The property is supported by 150,000+ residents within a 5-mile radius, driving consistent daily traffic
- Low Rent & Competitive Price Point – This location benefits from a low, replaceable rent of $14.38 PSF and a sub-$3 million price point.
- Hard-Corner Location on US Highway 19 – Positioned on a signalized hard corner along US-19 with ±65,000 combined vehicles per day
- Florida Growth Market – Florida continues to benefit from strong in-migration trends, particularly from retirees, supported by no state income tax
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-26-16-0010-01400-0040 | Improvements Assessment | $1,079,259 CAD |
| Land Assessment | $895,992 CAD | Total Assessment | $1,975,251 CAD |
PROPERTY TAXES
Presented by
CVS | 3511 US Highway 19
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