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CVS Pharmacy 8361 Century Blvd 9,212 SF Retail Building Century, FL 32535 $2,803,299 CAD ($304.31 CAD/SF) 3.80% Cap Rate
Investment Highlights
- Nearly 40-year tenancy with a 10-year lease extension, expiring May 31, 2036
- $7.17M+ in store sales generating $70,061 in percentage rent annually
- NN+ lease structure with landlord responsibilities limited to roof and structure
- Below-replacement-cost base rent of $72,504/yr ($8.53/SF) with significant downside protection
- Corporately guaranteed by Holiday CVS, L.L.C., backed by CVS Health Corporation
- Located in Florida, an income tax-free state and highly sought-after investment market
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 05-5N-30-1211-000-000 | Improvements Assessment | $633,779 CAD |
| Land Assessment | $69,325 CAD | Total Assessment | $703,104 CAD |
Property Taxes
Presented by
CVS Pharmacy | 8361 Century Blvd
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