Investment Overview

Marcus & Millichap, as the exclusivevadvisor, is pleased to present for sale a single tenant retail building leased to CVS Pharmacy located in the city or Margate in Broward County Florida. The CVS is a fee simple lease backed by CVS Corporate giving investors a strong passive income with peace of mind. In October of last year, CVS exercised their first five-year option after twenty years at this location showing commitment to the site. Strategically located in the busy intersection of US-441 and Coconut Creek Parkway, the property sits on a large signalized corner lot measuring 1.71 Acres within walking distance to multiple large multifamily communities. Furthermore, the city of Margate is in the process of implementing a transformative plan aimed to build large mixed use project AKA Margate city center. This property is more than just a retail building! it’s a high-performing, low-risk investment anchored by one of America’s most recognized brands, CVS. Boasting exceptional visibility, robust demographic support and no management responsibility, this asset offers investors dependable cash flow with long-term tenant stability and the potential to control an important hard corner when Margate City Center becomes a reality. Think big!