CVS Miami, FL

Property Price: $5,319,000
Property Status: Available
Property Type: Retail
Cap Rate: 7.00%
Lease Type: Leasehold
Tenant Type:
NOI: $372,347
Building Size: 13,055
Land Area: 1.47 Acres
Remaining Term: 14 Years
Expenses: NNN

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Landes Fairmount is pleased to offer for sale this CVS leasehold interest
located at the southwest corner of US Route 1 (S Dixie Hwy) and SW 88th
St. in the Miami, FL. The existing 13,055 square foot freestanding singletenant
building is leased to CVS Pharmacy Inc. on a corporate guaranteed
long-term twenty-five (25) year Absolute NNN Leasehold Interest with
fourteen (14) years remaining on the initial lease. CVS has four (4) renewal
options after the initial lease period.

Investment Highlights: 13,055 SF Absolute NNN Leasehold.
Corporate Guaranteed CVS Pharmacy Inc (NYSE: CVS; S&P BBB+
Stable) with 25 year initial term. CVS Caremark is the second Largest
Pharmacy Health Care Provider in the US. CVS Pharmacy has filled or
managed 1.7 billion perscriptions annually since 2008.

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Agent Contact Information

Justin Grissen
Managing Director

Austin Landes
Investment Advisor

Caleb Landes
Investment Advisor