Drug Store
Brand New CVS | 2023 Construction – Relocation Store | Miami MSA
13199 SW 112th St, Miami, FL 33186
Listing Price: $8,750,000
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased
CVS located at 13199 SW 112th Street in Miami, Florida, just 23 miles
South-West of Downtown Miami. The subject property consists of a 13,295
SF free-standing building with a drive-thru and is situated on a large 1.05-
acre parcel of land.
Strategically located on the hard signalized intersection of SW 112th Street
and SW 134th Avenue, the site benefits from excellent access and visibility to
more than 13,900 vehicles per day. The CVS sits as an outparcel to a highly
trafficked and completely renovated Publix anchored center comprised of
+109,000 SF of retail and tenants including YouFit Health Club, Chicken
Kitchen, Chase, McDonald’s, and several others. Publix recently underwent
a full tear-down/rebuild of its 47,000 SF box while the inline shops received
full renovations. The property is also surrounded by thousands of rooftops
from the multitude of nearby neighborhoods in the West Kendall Submarket,
one of the most densely populated areas in South Florida. The immediate
trade area is also home to Wendy’s, Dunkin, Wawa, Aldi, Burger King,
Bonefish Grill, and numerous other National and Regional Tenants.
Currently under construction, CVS’ brand-new NNN lease commenced in
December 2022 and will feature 25 years of primary term with a corporate
guaranty from CVS Health Corporation (S&P: BBB).
CVS Health Corporation (NYSE: CVS; S&P: BBB) is a leading diversified
health solutions company, boasting integrated offerings across the entire
spectrum of pharmacy care. The company has more than 9,000 retail
pharmacy locations with 1,100 walk-in medical clinics. Ranked #6 on the
2023 Fortune 500 list, CVS Health reported $330.9 billion in TTM total
revenues, $239.3 billion in total assets, and $71.6 billion in net worth as of
March 31, 2023. The CVS Health Corporation umbrella has four segments:
Retail/LTC, Pharmacy Services, Health Care Benefits, and Corporate/Other.
Investment Highlights
- CVS Corporate Guarantee | CVS Health Corporation
- Investment Grade Credit Tenant (S&P BBB)
- New 2023 Construction
- Publix Anchored Center was Recently Completely Renovated Including Full Tear-down & Rebuild of Publix 47,000 SF Box
- Drive-Thru Pharmacy
- Florida Is a No Income Tax State
Drug Store
Brand New CVS | 2023 Construction – Relocation Store | Miami MSA
Listing Price: $8,750,000
Investment Highlights
- CVS Corporate Guarantee | CVS Health Corporation
- Investment Grade Credit Tenant (S&P BBB)
- New 2023 Construction
- Publix Anchored Center was Recently Completely Renovated Including Full Tear-down & Rebuild of Publix 47,000 SF Box
- Drive-Thru Pharmacy
- Florida Is a No Income Tax State
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased CVS located at 13199 SW 112th Street in Miami, Florida, just 23 miles South-West of Downtown Miami. The subject property consists of a 13,295 SF free-standing building with a drive-thru and is situated on a large 1.05- acre parcel of land. Strategically located on the hard signalized intersection of SW 112th Street and SW 134th Avenue, the site benefits from excellent access and visibility to more than 13,900 vehicles per day. The CVS sits as an outparcel to a highly trafficked and completely renovated Publix anchored center comprised of +109,000 SF of retail and tenants including YouFit Health Club, Chicken Kitchen, Chase, McDonald’s, and several others. Publix recently underwent a full tear-down/rebuild of its 47,000 SF box while the inline shops received full renovations. The property is also surrounded by thousands of rooftops from the multitude of nearby neighborhoods in the West Kendall Submarket, one of the most densely populated areas in South Florida. The immediate trade area is also home to Wendy’s, Dunkin, Wawa, Aldi, Burger King, Bonefish Grill, and numerous other National and Regional Tenants. Currently under construction, CVS’ brand-new NNN lease commenced in December 2022 and will feature 25 years of primary term with a corporate guaranty from CVS Health Corporation (S&P: BBB). CVS Health Corporation (NYSE: CVS; S&P: BBB) is a leading diversified health solutions company, boasting integrated offerings across the entire spectrum of pharmacy care. The company has more than 9,000 retail pharmacy locations with 1,100 walk-in medical clinics. Ranked #6 on the 2023 Fortune 500 list, CVS Health reported $330.9 billion in TTM total revenues, $239.3 billion in total assets, and $71.6 billion in net worth as of March 31, 2023. The CVS Health Corporation umbrella has four segments: Retail/LTC, Pharmacy Services, Health Care Benefits, and Corporate/Other.

