1820 Cheney Hwy - Drug Store FOR SALE


Titusville, FL 32780
$4,018,182 USD
404-635-8859
1820 Cheney Hwy, Titusville, FL for Sale
$4,018,182 USD
Drug Store - FOR SALE
1/2
null | 5.5% Cap Rate

1820 Cheney Hwy
Titusville, FL 32780


HIGHLIGHTS

  • Investment-Grade Guarantee
  • CVS Early Extension
  • Strong Demographics
  • Below Market Rent & Low Price Per Square Foot
  • Hard Corner with Oversized Lot
  • Strong Retail Corridor

OVERVIEW

Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the CVS Pharmacy located at 1820 Cheney Hwy in Titusville, Florida. (“Property”) This offering features over 15 years of remaining term on CVS’s Absolute NNN lease, with zero landlord responsibilities. The property is strategically positioned along Cheney Highway (State Road 50), a major east-west thoroughfare, and benefits from strong visibility and consistent daily traffic. Titusville is part of the growing Space Coast region and home to over 52,000 residents within a 5-mile radius. A distinct advantage of this location is its proximity to the Kennedy Space Center, one of Florida’s most visited attractions. This enhances the site’s draw to both local customers and the area’s robust year-round tourist base.

FOR SALE DETAILS

PRICE

$4,018,182 USD

PRICE/SF

$241 USD /SF

CAP RATE

5.5%

% 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

2003

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

CC

APN/PARCEL ID

22-35-21-00-00501.0-0000.00

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

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