3915 W Commercial Blvd - Drug Store FOR SALE


Tamarac, FL 33309
$8,000,000 USD
954-683-3130
3915 W Commercial Blvd, Tamarac, FL for Sale
$8,000,000 USD
Drug Store - FOR SALE
1/4
null | 6.14% Cap Rate

3915 W Commercial Blvd
Tamarac, FL 33309


HIGHLIGHTS

  • Heavily Trafficked Intersection with over 93,000 cars per day
  • Absolute Net Lease with High Volume CVS store that just exercised the second of their 5 year options effective 12/9/2024
  • Attractive Cap Rate

OVERVIEW

Operating, high volume CVS drugstore located on the Northeast corner of W. Commercial Blvd and US 441/SR7 in Tamarac, Fl. CVS just notified the Landlord that they are exercising their secon of 4-5 year options effective 12/9/2024. This is a major intersection in NW Broward County with average daily traffic counts exceeding 93,000 cars per day at the intersection. The property is less than 1 mile east of a full interchange with the Florida Turnpike and 3.5 miles west of I-95. There is a major shopping center consisting of 245,000 SF directly across from this property (Publix/Marshalls/Crunch Fitness); and several hotels and large office and industrial parks in the vicinity. In addition there are nearly 200,000 people living within a 3 mile radius of the property with Average Annual Incomes of $82,000 per year.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$591 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

CVS pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

CROSS STREETS

NW 50th St

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

B-1, Tamarac

APN/PARCEL ID

49-42-18-02-0292

ASK ABOUT THIS PROPERTY

Nathan WernerRetail Sites InternationalMore Info
954-683-3130

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Nathan WernerRetail Sites InternationalMore Info
954-683-3130

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