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Drug Store

CVS Absolute NNN Lease Strong Sales

24 S Brevard Ave, Arcadia, FL 34266

Listing Price: $3,967,565

Cap Rate
7.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
10,908
Lease Type
Absolute Net
Rent Per Square Feet
$26.01

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.

Investment Highlights

  • CVS Corporate Guarantee | CVS Health Corporation
  • Investment Grade Credit Tenant (S&P BBB)
  • CVS Pharmacy Store Located at 4 South Brevard Ave. in Arcadia, Florida (Population 7,637)
  • Hard Signalized Corner with Great Visibility | Visible to over than 26,300 Vehicles/Day
  • Drive-Thru Pharmacy
  • AHHI Exceeds $50,573 in 3-Mile
  • Florida Is a No Income Tax State

Exclusively Listed By

Financing By

Drug Store

CVS Absolute NNN Lease Strong Sales

Listing Price: $3,967,565

Cap Rate
7.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
10,908
Lease Type
Absolute Net
Rent Per Square Feet
$26.01

Investment Highlights

  • CVS Corporate Guarantee | CVS Health Corporation
  • Investment Grade Credit Tenant (S&P BBB)
  • CVS Pharmacy Store Located at 4 South Brevard Ave. in Arcadia, Florida (Population 7,637)
  • Hard Signalized Corner with Great Visibility | Visible to over than 26,300 Vehicles/Day
  • Drive-Thru Pharmacy
  • AHHI Exceeds $50,573 in 3-Mile
  • Florida Is a No Income Tax State

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.

Exclusively Listed By

Financing By

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