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Drug Store

CVS, Orlando

3212 Curry Ford Rd, Orlando, FL 32806

Listing Price: $6,889,915

Cap Rate
5.90%
Tenant Name
CVS
Years Remaining On Lease
2.6
Gross SF
13,824
Guarantor
Corporate Guarantee
Rentable SF
13,824
Price/Gross SF
$498.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.41

Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased
CVS located at 3212 Curry Ford Road in Orlando, Florida. The
subject property consists of a free-standing building comprised of
13,824 square feet of retail space and is situated on a large 1.86-
acre parcel of land.
Strategically located on the Hard-Signalized Intersection of Curry
Ford Road and Crystal Lake Drive, the property is highly visible to
more than 59,839 vehicles per day. It is also within minutes of
Downtown Orlando, one of the strongest retail markets in the nation.
This infill location benefits from superb demographics including
over 277,000 full time residents in the immediate area with an
average household income exceeding $75,000. The trade area
is home to a number of National and Regional retailers including
Winn-Dixie, Walgreens, Publix, Checkers, McDonalds, WAWA, and
numerous others.
CVS executed a 20-Year Absolute Net-Lease with Zero Landlord
Responsibilities when originally built in 2004 and has three years
of initial term remaining with four options to extend for five years
each, including increases in each of the option periods.
CVS is one of the nations largest leading drugstore chains with
over 9,600 stores in 50 states, the District of Columbia, Puerto Rico
and the US Virgin Islands. CVS sells prescription drugs and a wide
assortment of general merchandise, including over-the-counter
drugs, beauty products, and cosmetics, film and photo finishing
services, seasonal merchandise, greeting cards, and convenience
foods through their CVS Pharmacy and Longs Drugs Retail stores
and online through CVS. com. It also provides healthcare services
through its more than 1,100 MinuteClinic medical clinics as well
as their Diabetes Care Centers. Most of these clinics are located
within CVS stores.

Investment Highlights

  • Absolute NNN | Zero Landlord Responsibility
  • Hard Signalized Corner with Great Visibility | Visible to More than 59,000 Vehicles/D
  • Minutes from Several Regional Medical Centers and Hospitals
  • Strong Demographics | 277,000+ Full Time Residents in Trade Area
  • Large 1.86 Acre Parcel
  • Drive Thru Pharmacy

Exclusively Listed By

Listing Price: $6,889,915

Cap Rate
5.90%
Tenant Name
CVS
Years Remaining On Lease
2.6
Gross SF
13,824
Guarantor
Corporate Guarantee
Rentable SF
13,824
Price/Gross SF
$498.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.41

Investment Highlights

  • Absolute NNN | Zero Landlord Responsibility
  • Hard Signalized Corner with Great Visibility | Visible to More than 59,000 Vehicles/D
  • Minutes from Several Regional Medical Centers and Hospitals
  • Strong Demographics | 277,000+ Full Time Residents in Trade Area
  • Large 1.86 Acre Parcel
  • Drive Thru Pharmacy

Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased
CVS located at 3212 Curry Ford Road in Orlando, Florida. The
subject property consists of a free-standing building comprised of
13,824 square feet of retail space and is situated on a large 1.86-
acre parcel of land.
Strategically located on the Hard-Signalized Intersection of Curry
Ford Road and Crystal Lake Drive, the property is highly visible to
more than 59,839 vehicles per day. It is also within minutes of
Downtown Orlando, one of the strongest retail markets in the nation.
This infill location benefits from superb demographics including
over 277,000 full time residents in the immediate area with an
average household income exceeding $75,000. The trade area
is home to a number of National and Regional retailers including
Winn-Dixie, Walgreens, Publix, Checkers, McDonalds, WAWA, and
numerous others.
CVS executed a 20-Year Absolute Net-Lease with Zero Landlord
Responsibilities when originally built in 2004 and has three years
of initial term remaining with four options to extend for five years
each, including increases in each of the option periods.
CVS is one of the nations largest leading drugstore chains with
over 9,600 stores in 50 states, the District of Columbia, Puerto Rico
and the US Virgin Islands. CVS sells prescription drugs and a wide
assortment of general merchandise, including over-the-counter
drugs, beauty products, and cosmetics, film and photo finishing
services, seasonal merchandise, greeting cards, and convenience
foods through their CVS Pharmacy and Longs Drugs Retail stores
and online through CVS. com. It also provides healthcare services
through its more than 1,100 MinuteClinic medical clinics as well
as their Diabetes Care Centers. Most of these clinics are located
within CVS stores.

Exclusively Listed By

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