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Drug Store

CVS/Pharmacy | Income Tax Free State | Jacksonville MSA

800 N Orange Ave, Green Cove Springs, FL 32043

Listing Price: $4,414,015

Cap Rate
6.50%
Tenant Name
CVS/Pharmacy
Years Remaining On Lease
1.5
Gross SF
10,908
Guarantor
Corporate Guarantee
Rentable SF
10,908
Price/Gross SF
$404.66
Lease Type
Absolute Net
Rent Per Square Feet
$26.30

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding CVS located at 800 N Orange Avenue in Green Cove Springs, FL. The property was built in 2003 and consists of approximately 10,908 rentable square feet of 1.0 acres of land. The subject property has been a CVS since it opened for business in 2003. The original Absolute NNN lease is set to expire in February of 2023, thus providing approximately 1.6 years remaining on the initial term with Four Five-Year Renewal Options.

Investment Highlights

  • Absolute Triple-Net Lease with Zero Landlord Responsibilities
  • 1.6 Years remaining on an initial term
  • Four Additional Five-Year Options
  • Corporate Guarantee from CVS.
  • Closest CVS is 7.8 miles away (approximately a 12-minute drive)

Exclusively Listed By

Drug Store

CVS/Pharmacy | Income Tax Free State | Jacksonville MSA

Listing Price: $4,414,015

Cap Rate
6.50%
Tenant Name
CVS/Pharmacy
Years Remaining On Lease
1.5
Gross SF
10,908
Guarantor
Corporate Guarantee
Rentable SF
10,908
Price/Gross SF
$404.66
Lease Type
Absolute Net
Rent Per Square Feet
$26.30

Investment Highlights

  • Absolute Triple-Net Lease with Zero Landlord Responsibilities
  • 1.6 Years remaining on an initial term
  • Four Additional Five-Year Options
  • Corporate Guarantee from CVS.
  • Closest CVS is 7.8 miles away (approximately a 12-minute drive)

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding CVS located at 800 N Orange Avenue in Green Cove Springs, FL. The property was built in 2003 and consists of approximately 10,908 rentable square feet of 1.0 acres of land. The subject property has been a CVS since it opened for business in 2003. The original Absolute NNN lease is set to expire in February of 2023, thus providing approximately 1.6 years remaining on the initial term with Four Five-Year Renewal Options.

Exclusively Listed By

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