Investment Overview

Marcus and Millichap is pleased to present for sale this CVS Pharmacy Store located at 4 South Brevard Avenue in Arcadia, Florida. Arcadia is a city and county seat of DeSoto County Florida with a population of 7,637. Arcadia’s Historic District is listed on the National register of Historic Places. Arcadia is located on the Peace River, a major tributary of the Charlotte Harbor estuary. Many colleges and universities are located nearby this CVS Property including South Florida State College with 2,892 enrolled students, Suncoast Technical College with 1,138 enrolled students and Florida Southwestern College with 15,141 enrolled students. Numerous apartment complexes surround this property including Park Place Estates with 10 rented units, Rosin Studio Apartments, Jordan Apartments, Archangel Arms Apartments, and Jacaranda Trail Apartments. Also nearby are many brand new luxury home developments including Deep Creek by Maronda Homes, Port Charlotte by Maronda Homes and Kings Gate by Neal Homes. 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.