3511 US Highway 19 - Drug Store FOR SALE
New Port Richey, FL 34652 |
$2,766,215 USD
949-744-7897
3511 US Highway 19
New Port Richey, FL 34652
HIGHLIGHTS
- Absolute NNN Lease Structure – CVS operates under an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities
- Low Rent & Competitive Price Point – This location benefits from a low, replaceable rent of $14.38 PSF and a sub-$3 million price point.
- Corporate Guarantee – Lease is corporately guaranteed by CVS Health (NASDAQ: CVS).
- Hard-Corner Location on US Highway 19 – Positioned on a signalized hard corner along US-19 with ±65,000 combined vehicles per day
- Dense Surrounding Population – The property is supported by 150,000+ residents within a 5-mile radius, driving consistent daily traffic
- Florida Growth Market – Florida continues to benefit from strong in-migration trends, particularly from retirees, supported by no state income tax
FOR SALE DETAILS
PRICE
$2,766,215 USD
PRICE/SF
$274 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
C2
APN/PARCEL ID
19-26-16-0010-01400-0040
ASK ABOUT THIS PROPERTY
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949-744-7897
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949-744-7897
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