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Drug Store

CVS Pharmacy

8831 Immokalee Rd, Naples, FL 34120

Listing Price: $13,458,380

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,157
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 8831 Immokalee Road in Naples, Florida. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $672,919. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Investment Highlights

  • ? Long-Term Absolute Triple Net (NNN) Lease Approximately 12.87 Years Remaining
  • ? CVS Corporate Guaranty | Investment-Grade Credit
  • ? Fee Simple Ownership

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Drug Store

CVS Pharmacy

Listing Price: $13,458,380

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,157
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.15

Investment Highlights

  • ? Long-Term Absolute Triple Net (NNN) Lease Approximately 12.87 Years Remaining
  • ? CVS Corporate Guaranty | Investment-Grade Credit
  • ? Fee Simple Ownership

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 8831 Immokalee Road in Naples, Florida. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $672,919. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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