Drug Store

CVS Pharmacy (Dark)

Listing Price: $3,950,000

Cap Rate
7.17%
Tenant Name
CVS Pharmacy (Dark)
Years Remaining On Lease
8.40
Gross SF
10,862
Guarantor
Corporate Guarantee
Rentable SF
10,862
Price/Gross SF
$363.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.06

Investment Overview

This Property benefits from a prime location at the signalized intersection of US-41 and Pondella Road which is known for its high traffic count of over 63,000 vehicles per day. US-41 is one of the main thoroughfares through Fort Myers for daily traffic allowing for high exposure to daily traffic.

CVS is a leader in the drug store and pharmacy industry with over 9,800 locations open nationwide. This lease is corporately guaranteed by CVS Pharmacy with a credit rating of BBB-plus by S&P Credit Ratings and over 9 years remaining on this lease.

The Property is surrounded by extremely dense neighborhoods filled with single-family homes, as well as numerous credit tenants along this retail corridor. Giving the property an extremely strong demand bases within a 1-mile radius.

The Fort Myers area is booming with development and attracts new residents and visitors year after year. The area is a popular beach destination and also the home of state parks and wildlife preservation areas. Fort Myers is home to some of Florida's most prestigious healthcare systems, making it not only an area for beach-goers, but for trusted medical care. The surrounding areas of Sarasota and Naples are also
pushing development from both ends.

Investment Highlights

  • Over 63,000 Vehicles Per Day at the intersection of US-41 and Pondella Road
  • Corporate Guarantee by CVS Pharmacy
  • Over 9 Years Remaining on this Lease

Exclusively Listed By

Listing Price: $3,950,000

Cap Rate
7.17%
Tenant Name
CVS Pharmacy (Dark)
Years Remaining On Lease
8.40
Gross SF
10,862
Guarantor
Corporate Guarantee
Rentable SF
10,862
Price/Gross SF
$363.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.06

Investment Highlights

  • Over 63,000 Vehicles Per Day at the intersection of US-41 and Pondella Road
  • Corporate Guarantee by CVS Pharmacy
  • Over 9 Years Remaining on this Lease

Investment Overview

This Property benefits from a prime location at the signalized intersection of US-41 and Pondella Road which is known for its high traffic count of over 63,000 vehicles per day. US-41 is one of the main thoroughfares through Fort Myers for daily traffic allowing for high exposure to daily traffic.

CVS is a leader in the drug store and pharmacy industry with over 9,800 locations open nationwide. This lease is corporately guaranteed by CVS Pharmacy with a credit rating of BBB-plus by S&P Credit Ratings and over 9 years remaining on this lease.

The Property is surrounded by extremely dense neighborhoods filled with single-family homes, as well as numerous credit tenants along this retail corridor. Giving the property an extremely strong demand bases within a 1-mile radius.

The Fort Myers area is booming with development and attracts new residents and visitors year after year. The area is a popular beach destination and also the home of state parks and wildlife preservation areas. Fort Myers is home to some of Florida's most prestigious healthcare systems, making it not only an area for beach-goers, but for trusted medical care. The surrounding areas of Sarasota and Naples are also
pushing development from both ends.

Exclusively Listed By

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