3187 S Congress Ave - Drug Store FOR SALE
Lake Worth, FL 33461 |
$5,334,783 USD
843-510-0551
3187 S Congress Ave
Lake Worth, FL 33461
HIGHLIGHTS
- 13+ Years Remaining on a Double Net (NN) Lease Structure With 10% Rent Increase at the Next Option
- The Property is Ideally Situated on a Signalized Corner Featuring a 1.50-Acre Lot Seeing Over 46,000 Vehicles Per Day
- Investment Grade Credit / Fortune 500 Company - Lease Corporately Guaranteed By CVS Health, the 6th-Ranked Company in the Fortune 500
- Strong Demographics Within a 3-Mile Radius Featuring Over 165,000 Population and $81,000 Average Household Income
- Nearby Tenants Include Chili's, Ross and Harbor Freight Anchored Center, Walgreens, Marathon Gas, Charley's Cheesesteaks and Wings, Tires Plus
OVERVIEW
Sands Investment Group is Pleased to Present Exclusively For Sale the 12,739 SF CVS Pharmacy Located at 3187 S Congress Avenue in Lake Worth, FL. This Deal Includes 13+ Years Remaining on a Double Net (NN) Lease Structure With 10% Rent Increase at the Next Option, Providing For a Secure Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$5,334,783 USD
PRICE/SF
$371 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS - Palm Springs, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
CG
APN/PARCEL ID
70-43-44-19-20-001-0020
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
843-510-0551
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
843-510-0551
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
