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CVS | 15+yrs Remaining Corp Abs NNN 4475 San Juan Ave 15,504 SF Retail Building Jacksonville, FL 32210 $16,170,741 CAD ($1,043.00 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Over 15 Years Remaining | Options To Extend | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB)
- Across From Grocery Anchored Center | Strong National/Credit Tenant Presence
- Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility Along Both Cross-Streets
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,504 SF
Building Class
B
Year Built
2011
Price
$16,170,741 CAD
Price Per SF
$1,043.00 CAD
Cap Rate
5.25%
NOI
$848,946 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.42 AC
Zoning
Commercial
Parking
67 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 15,143 SF
- -
- Triple Net
- Jan 2037
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 15,143 SF | - | Triple Net | Jan 2037 |
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 093637-0010 | Improvements Assessment | $3,270,129 CAD |
| Land Assessment | $2,528,568 CAD | Total Assessment | $5,798,696 CAD |
Property Taxes
Parcel Number
093637-0010
Land Assessment
$2,528,568 CAD
Improvements Assessment
$3,270,129 CAD
Total Assessment
$5,798,696 CAD
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CVS | 15+yrs Remaining Corp Abs NNN | 4475 San Juan Ave
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