CVS Miami, FL
Property Price: $5,319,000
Property Status: Available
Property Type: Retail
Cap Rate: 7.00%
Lease Type: Leasehold
Building Size: 13,055
Land Area: 1.47 Acres
Remaining Term: 14 Years
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.
View Offer Memorandum
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