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Drug Store

CVS/Pharmacy I HealthHub I Rapid Growth Area

2454 E Irlo Bronson Memorial Hwy, Kissimmee, FL 34744

Listing Price: $8,000,000

Cap Rate
4.81%
Tenant Name
CVS/pharmacy
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Absolute Net
Rent Per Square Feet
$29.82

Investment Overview

-Absolute NNN, Corporately Guaranteed CVS/pharmacy Located at the Signalized Intersection of E Irlo Bronson Memorial Highway (48,000 Vehicles Per Day (VPD)) and Partin Settlement Road (10,000 VPD). -CVS Began Operations in 2007 with Over 10-Years Remaining on the Lease Base Term and 10 Percent Rent Increases in Each Tenant Extension Option to Hedge Against Inflation. Unit Features CVS’s Prototype of the Future, HealthHub, Offering an Expanded Array of In-Store Medical Services; Unit Also Includes “y Mas” Benefits Including Bilingual Customer Service. ?Favorably Positioned Near Several Activity Generators Including Partin Village, a 71,600 SF Publix Anchored Shopping Center, and The Jamison, a Newly Constructed 315-Unit Class-A Apartment Community -This Section of Kissimmee is Experiencing Rapid Population Growth Expected to Exceed 12 Percent. Within a One-Mile Radius Between 2021 and 2026 Providing a Secure Long-Term Outlook. ?Situated in an Area with Over 144,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $67,000.

Investment Highlights

  • Absolute NNN, Corporately Guaranteed CVS/pharmacy Located at the Signalized Intersection of E Irlo Bronson Memorial Highway (48,000 Vehicles Per Day (VPD)) and Partin Settlement Road (10,000 VPD)
  • CVS Began Operations in 2007 with Over 10-Years Remaining on the Lease Base Term and 10 Percent Rent Increases in Each Tenant Extension Option to Hedge Against Inflation
  • Unit Features CVS's Prototype of the Future, HealthHub, Offering an Expanded Array of In-Store Medical Services; Unit Also Includes "y Mas" Benefits Including Bilingual Customer Service
  • Favorably Positioned Near Several Activity Generators Including Partin Village, a 71,600 SF Publix Anchored Shopping Center, and The Jamison, a Newly Constructed 315-Unit Class-A Apartment Community
  • This Section of Kissimmee is Experiencing Rapid Population Growth Expected to Exceed 12 Percent Within a One-Mile Radius Between 2021 and 2026 Providing a Secure Long-Term Outlook
  • Situated in an Area with Over 144,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $67,000

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Drug Store

CVS/Pharmacy I HealthHub I Rapid Growth Area

Listing Price: $8,000,000

Cap Rate
4.81%
Tenant Name
CVS/pharmacy
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Absolute Net
Rent Per Square Feet
$29.82

Investment Highlights

  • Absolute NNN, Corporately Guaranteed CVS/pharmacy Located at the Signalized Intersection of E Irlo Bronson Memorial Highway (48,000 Vehicles Per Day (VPD)) and Partin Settlement Road (10,000 VPD)
  • CVS Began Operations in 2007 with Over 10-Years Remaining on the Lease Base Term and 10 Percent Rent Increases in Each Tenant Extension Option to Hedge Against Inflation
  • Unit Features CVS's Prototype of the Future, HealthHub, Offering an Expanded Array of In-Store Medical Services; Unit Also Includes "y Mas" Benefits Including Bilingual Customer Service
  • Favorably Positioned Near Several Activity Generators Including Partin Village, a 71,600 SF Publix Anchored Shopping Center, and The Jamison, a Newly Constructed 315-Unit Class-A Apartment Community
  • This Section of Kissimmee is Experiencing Rapid Population Growth Expected to Exceed 12 Percent Within a One-Mile Radius Between 2021 and 2026 Providing a Secure Long-Term Outlook
  • Situated in an Area with Over 144,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $67,000

Investment Overview

-Absolute NNN, Corporately Guaranteed CVS/pharmacy Located at the Signalized Intersection of E Irlo Bronson Memorial Highway (48,000 Vehicles Per Day (VPD)) and Partin Settlement Road (10,000 VPD). -CVS Began Operations in 2007 with Over 10-Years Remaining on the Lease Base Term and 10 Percent Rent Increases in Each Tenant Extension Option to Hedge Against Inflation. Unit Features CVS’s Prototype of the Future, HealthHub, Offering an Expanded Array of In-Store Medical Services; Unit Also Includes “y Mas” Benefits Including Bilingual Customer Service. ?Favorably Positioned Near Several Activity Generators Including Partin Village, a 71,600 SF Publix Anchored Shopping Center, and The Jamison, a Newly Constructed 315-Unit Class-A Apartment Community -This Section of Kissimmee is Experiencing Rapid Population Growth Expected to Exceed 12 Percent. Within a One-Mile Radius Between 2021 and 2026 Providing a Secure Long-Term Outlook. ?Situated in an Area with Over 144,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $67,000.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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