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13991 N Cleveland Avenue, North Fort Myers, FL

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13991 N Cleveland Avenue

North Fort Myers, FL 33903 - Cape Coral Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1967
Building Size:9,542 SF Land Area:.77 AC (33,506 SF)
For Sale Price:$4,720,000 Price/SF:$494.66
Cap Rate:6.00 %
Parking:Free Surface spaces are available; Ratio of 5.55/1,000 SF
Features:Bus Line, Dedicated Turn Lane, Freeway Visibility, Pylon Sign, Signage, Signalized Intersection, Drive Thru

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors a CVS Pharmacy located in North Ft. Myers, Florida. The subject property is fully leased to and guaranteed by CVS Health Corporation (NYSE: CVS). The lease features a 25-year base term with 12.5 years remaining and 10 renewal options at 5 years each.

For the twelve-month period ended December 31, 2015, CVS Health Corporation had total revenue of $153.29 billion, net income of $5.23 billion and a net worth in excess of $37.19 billion. CVS currently holds a Standard & Poor' s credit rating of BBB+/Stable.

Stan Johnson Company
Zach Harris
(918) 494-2690

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