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Drug Store

CVS Long Term Leasehold

6790 Central Florida Pkwy, Orlando, FL 32821

Listing Price: $4,359,609

Cap Rate
7.75%
Tenant Name
CVS
Years Remaining On Lease
8.8
Gross SF
13,483
Guarantor
Corporate Guarantee
Rentable SF
13,483
Price/Gross SF
$323.34
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.06

Investment Overview

The property is a single-tenant CVS Pharmacy strategically located in Orlando, Florida adjacent to SeaWorld Orlando, one of the region’s most prominent tourism and employment hubs. The property benefits from strong traffic patterns driven by both the tourism corridor and surrounding residential growth. The asset is leased to CVS under a long-term triple-net lease with approximately nine years remaining on the initial term six till loan payoff if assumed and five additional five-year renewal options. CVS pays $337,859 annually in base rent with no landlord responsibilities. The location along the SeaWorld tourism corridor places the store within one of the most active retail and hospitality submarkets in the Orlando metropolitan area.

Investment Highlights

  • Investment Grade Pharmacy Tenant – CVS
  • Absolute NNN Lease Structure – Tenant responsible for taxes, insurance, and maintenance
  • Strong Orlando Tourism Corridor Location adjacent to SeaWorld Orlando

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Drug Store

CVS Long Term Leasehold

Listing Price: $4,359,609

Cap Rate
7.75%
Tenant Name
CVS
Years Remaining On Lease
8.8
Gross SF
13,483
Guarantor
Corporate Guarantee
Rentable SF
13,483
Price/Gross SF
$323.34
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.06

Investment Highlights

  • Investment Grade Pharmacy Tenant – CVS
  • Absolute NNN Lease Structure – Tenant responsible for taxes, insurance, and maintenance
  • Strong Orlando Tourism Corridor Location adjacent to SeaWorld Orlando

Investment Overview

The property is a single-tenant CVS Pharmacy strategically located in Orlando, Florida adjacent to SeaWorld Orlando, one of the region’s most prominent tourism and employment hubs. The property benefits from strong traffic patterns driven by both the tourism corridor and surrounding residential growth. The asset is leased to CVS under a long-term triple-net lease with approximately nine years remaining on the initial term six till loan payoff if assumed and five additional five-year renewal options. CVS pays $337,859 annually in base rent with no landlord responsibilities. The location along the SeaWorld tourism corridor places the store within one of the most active retail and hospitality submarkets in the Orlando metropolitan area.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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