Skip to main content

Drug Store

Brandon (Tampa MSA) CVS | NNN Lease

715 W Brandon Blvd, Brandon, FL 33511

Listing Price: $7,746,024

Cap Rate
6.10%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
10,856
Lease Type
Absolute Net
Rent Per Square Feet
$42.81

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased CVS Pharmacy located at 715 W. Brandon Blvd. in Brandon, Florida. The subject property consists of free-standing building comprised of 10,856 square feet of retail space and is situated on a large 1.77-acre parcel of land. Brandon is an unincorporated community and census-designated place in Hillsborough County, Florida and part of the Tampa-St. Petersburg- Clearwater Metropolitan Statistical Area with a population over 3,175,275. Brandon has grown steadily over the years with the development of the southern area of Brandon bringing thousands of residents and I-75 bringing traffic to the Brandon area. Several apartment complexes surround this CVS property including Brandon Oaks with 160 rented apartment units, Westwood Crossing with 88 rented units, Versant Place Apartments, Courtney Trace Apartments, Woodberry Woods Apartments, The Easton Apartments, Landon Preserve, and Timber Pond III among many others. A few minutes from this CVS is Hillsborough Community College with over 15,000 enrolled students and HCA Florida Brandon Hospital, an Acute- Care Facility with 436 Beds. Also nearby is Rasmussen University with over 9,055 enrolled students. Also nearby this CVS property is J.C. Handly Sports Complex and several shopping centers including Westfield Brandon Mall, Regency Square and Kings Row Shopping Center. CVS is an American Retail Corporation, a subsidiary of CVS Health headquartered in Woodsocket, Rhode Island. It is also known as and originally named the Consumer Value Store and was founded in Lowell, Massachusetts in 1963. CVS has over 9,967 locations, 203,000 employees and Revenue of US $134.128 Billion in 2018. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products, cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods.

Investment Highlights

  • CVS Corporate Guarantee | CVS Health Corporation (NYSE: CVS)
  • Investment Grade Credit Tenant, Rated BBB+ by S&P™
  • Absolute NNN | Zero Landlord Responsibility
  • Fee Simple Allowing for Depreciation
  • Florida is a No Income Tax State

Exclusively Listed By

Financing By

Drug Store

Brandon (Tampa MSA) CVS | NNN Lease

Listing Price: $7,746,024

Cap Rate
6.10%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
10,856
Lease Type
Absolute Net
Rent Per Square Feet
$42.81

Investment Highlights

  • CVS Corporate Guarantee | CVS Health Corporation (NYSE: CVS)
  • Investment Grade Credit Tenant, Rated BBB+ by S&P™
  • Absolute NNN | Zero Landlord Responsibility
  • Fee Simple Allowing for Depreciation
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased CVS Pharmacy located at 715 W. Brandon Blvd. in Brandon, Florida. The subject property consists of free-standing building comprised of 10,856 square feet of retail space and is situated on a large 1.77-acre parcel of land. Brandon is an unincorporated community and census-designated place in Hillsborough County, Florida and part of the Tampa-St. Petersburg- Clearwater Metropolitan Statistical Area with a population over 3,175,275. Brandon has grown steadily over the years with the development of the southern area of Brandon bringing thousands of residents and I-75 bringing traffic to the Brandon area. Several apartment complexes surround this CVS property including Brandon Oaks with 160 rented apartment units, Westwood Crossing with 88 rented units, Versant Place Apartments, Courtney Trace Apartments, Woodberry Woods Apartments, The Easton Apartments, Landon Preserve, and Timber Pond III among many others. A few minutes from this CVS is Hillsborough Community College with over 15,000 enrolled students and HCA Florida Brandon Hospital, an Acute- Care Facility with 436 Beds. Also nearby is Rasmussen University with over 9,055 enrolled students. Also nearby this CVS property is J.C. Handly Sports Complex and several shopping centers including Westfield Brandon Mall, Regency Square and Kings Row Shopping Center. CVS is an American Retail Corporation, a subsidiary of CVS Health headquartered in Woodsocket, Rhode Island. It is also known as and originally named the Consumer Value Store and was founded in Lowell, Massachusetts in 1963. CVS has over 9,967 locations, 203,000 employees and Revenue of US $134.128 Billion in 2018. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products, cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower