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Drug Store

CVS Pharmacy | Income Tax Free State

1347 15th St, Panama City, FL 32401

Listing Price: $3,569,230

Cap Rate
6.49%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
0.8
Guarantor
Corporate Guarantee
Rentable SF
11,200
Lease Type
Absolute Net
Rent Per Square Feet
$20.69

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding CVS located at 1347 15th Street in Panama City, FL. The property was built in 1997 and consists of approximately 11,200 rentable square feet of 1.67 acres of land. The subject property has been a CVS since it opened for business in 1997. CVS Pharmacy is currently in their first of four option periods, that commenced on October 11, 2017, with the current base rent at $231,720.

Investment Highlights

  • Absolute Triple-Net Lease with Zero Landlord Responsibilities
  • 0.86 Years Remaining On First Option Period
  • Three Additional Five-Year Options
  • Corporate Guarantee From CVS
  • Located On a Hard-Cornered, Lighted Intersection

Exclusively Listed By

Financing By

Drug Store

CVS Pharmacy | Income Tax Free State

Listing Price: $3,569,230

Cap Rate
6.49%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
0.8
Guarantor
Corporate Guarantee
Rentable SF
11,200
Lease Type
Absolute Net
Rent Per Square Feet
$20.69

Investment Highlights

  • Absolute Triple-Net Lease with Zero Landlord Responsibilities
  • 0.86 Years Remaining On First Option Period
  • Three Additional Five-Year Options
  • Corporate Guarantee From CVS
  • Located On a Hard-Cornered, Lighted Intersection

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding CVS located at 1347 15th Street in Panama City, FL. The property was built in 1997 and consists of approximately 11,200 rentable square feet of 1.67 acres of land. The subject property has been a CVS since it opened for business in 1997. CVS Pharmacy is currently in their first of four option periods, that commenced on October 11, 2017, with the current base rent at $231,720.

Exclusively Listed By

Financing By

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