1390 S Jefferson St - Drug Store FOR SALE


Monticello, FL 32344- Eastern Panhandle
$4,048,876 USD
847-562-0003
1390 S Jefferson St, Monticello, FL for Sale
$4,048,876 USD
Drug Store - FOR SALE
1/15
null | 7.3% Cap Rate

1390 S Jefferson St
Monticello, FL 32344
Eastern Panhandle


HIGHLIGHTS

  • Positioned within the Tallahassee MSA
  • Large 3.81-acre parcel
  • Income tax free state – Florida
  • Absolute NNN – No landlord responsibilities
  • Limited competition in the area, the nearest national pharmacy location is located 22 miles west in Tallahassee
  • 8.35% population growth expected within one mile from 2025-2030, per CoStar

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant CVS property located in Monticello, Florida within the Tallahassee MSA. Built in 2007, the property has been successfully occupied by CVS continuously since construction. CVS is operating on a lease that runs through January 2033. The lease is absolute triple net and presents no landlord responsibilities. There are ten 5-year renewal options with various rental escalations. Additionally, the property bene?ts from its location in Florida, an income tax free state. The 13,800 square-foot building is located along US Highway 19, which carries 11,300 vehicles per day. The site bene?ts from limited competition in the area, with the nearest Walgreens located 25 miles west in Tallahassee. According to CoStar, the population within one mile is projected to grow by 8.35% from 2025 to 2030. Nearby retailers include Tractor Supply Company, Burger King, Dollar Tree, Pizza Hut, and Dollar General Market. Additionally, the average household income exceeds $80,000 within a ten-mile radius. CVS Health Corporation, headquartered in Woonsocket, Rhode Island, stands as the world’s second-largest healthcare company (behind UnitedHealth Group). The organization operates more than 9,000 retail pharmacy locations nationwide, over 1,000 MinuteClinic walk-in medical clinics, the CVS Caremark pharmacy bene?ts manager, Aetna health insurance plans, and comprehensive specialty pharmacy services. With approximately 300,000 colleagues, CVS Health serves more than 100 million people annually, delivering an integrated approach that simpli?es healthcare access, enhances affordability, and promotes overall well-being for patients and communities across the United States.

FOR SALE DETAILS

PRICE

$4,048,876 USD

PRICE/SF

$293 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.81 AC

LAND SF

165,964 SF

ZONING

-

APN/PARCEL ID

31-2N-5E-0000-0132-0000,31-2N-5E-0000-0133-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.