Retail    

CVS Pharmacy

 Lakeland, FL

Price:

$4,818,180

Cap Rate:

5.50%

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Lease Type

Double Net Lease

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Year Built

2000

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Building Size

12,738 SF

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Lot Size

1.57 AC

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Long Operating

History

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Strong

Demographics

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Long-Term, Net Lease | 16 Years Remaining
  • Top Trafficked Store, Per Placer.AI  | Top 12% Nationwide, Top 13% in Florida
  • Investment Grade Guaranty | BBB/Stable - S&P Credit Rating
  • Long Operating History | 23+ Years
  • New Roof With Warranty | 10-Year Warranty
  • Excellent Access & Visibility | Combined 57,500+ VPD
  • Retail Corridor | Starbucks, Publix, Chase, & 7-Eleven
  • Florida & Tampa MSA Acquisition Opportunity  | Income-Tax Free State | 18th Largest MSA in the U.S.
  • Dense & Affluent Demographics | 140K+ Population (5-mi) | $111K+ Average Household Income (3-mi)

Exclusively Listed By

Jack Collins

Senior Associate
  jcollins@northmarq.com      +1 312.858.7511

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   
FL Broker #BK3504949

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Josh Dicker

Associate
  jdicker@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Sam Ray

Analyst
  sray@northmarq.com   

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