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Drug Store

Orlando CVS | NNN Lease

7996 Conroy Windermere Rd, Orlando, FL 32835

Listing Price: $5,851,734

Cap Rate
6.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
12,070
Lease Type
Absolute Net
Rent Per Square Feet
$29.09

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased CVS Pharmacy located at 7996 Conroy Windermere Road in Orlando, Florida. The subject property consists of free-standing building comprised of 12,070 square feet of retail space and is situated on a large 1.33-acre parcel of land. Orlando is the County Seat of Orange County Florida with a population over 2,509,831 and the 6th largest metropolitan area in the Southern United States. Orlando is one of the most visited cities in the world primarily due to tourism, major events and convention traffic. In the year 2018, Orlando drew more than 75 million visitors to the city. The Orlando International Airport is the 13th-busiest airport in the United States and the 29th-busiest in the world. The two largest and most internationally renowned tourist attractions in the Orlando Area are the Walt Disney World Resort and The Universal Orlando Resort. Numerous apartment complexes surround this CVS Property include Rosemont Windermere Apartments, Bell at Universal Apartments, Alvista Metrowest, Hidden Lakes Apartments, West Winds Apartments, Studio Parc Apartments, Acclaim at Conroy and many, many more. Many hospitals are also in close vicinity to the property including Orlando Health Arnold Palmer Hospital, Central Florida Primary Care Hospital, Dr. Phillips Hospital and Lakeside Medical Center. Many colleges and universities are also located nearby including Nova Southeastern University with 20,888 enrolled students, Palm Beach Atlantic University with 3,704 enrolled students and DeVry University with 14,163 students. 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 and seasonal merchandise 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

Orlando CVS | NNN Lease

Listing Price: $5,851,734

Cap Rate
6.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
12,070
Lease Type
Absolute Net
Rent Per Square Feet
$29.09

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 7996 Conroy Windermere Road in Orlando, Florida. The subject property consists of free-standing building comprised of 12,070 square feet of retail space and is situated on a large 1.33-acre parcel of land. Orlando is the County Seat of Orange County Florida with a population over 2,509,831 and the 6th largest metropolitan area in the Southern United States. Orlando is one of the most visited cities in the world primarily due to tourism, major events and convention traffic. In the year 2018, Orlando drew more than 75 million visitors to the city. The Orlando International Airport is the 13th-busiest airport in the United States and the 29th-busiest in the world. The two largest and most internationally renowned tourist attractions in the Orlando Area are the Walt Disney World Resort and The Universal Orlando Resort. Numerous apartment complexes surround this CVS Property include Rosemont Windermere Apartments, Bell at Universal Apartments, Alvista Metrowest, Hidden Lakes Apartments, West Winds Apartments, Studio Parc Apartments, Acclaim at Conroy and many, many more. Many hospitals are also in close vicinity to the property including Orlando Health Arnold Palmer Hospital, Central Florida Primary Care Hospital, Dr. Phillips Hospital and Lakeside Medical Center. Many colleges and universities are also located nearby including Nova Southeastern University with 20,888 enrolled students, Palm Beach Atlantic University with 3,704 enrolled students and DeVry University with 14,163 students. 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 and seasonal merchandise and convenience foods.

Exclusively Listed By

Financing By

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