5 Us-27 - Drug Store FOR SALE
Lake Placid, FL 33852 |
$2,890,248 USD
619-297-0055
5 Us-27
Lake Placid, FL 33852
HIGHLIGHTS
- The lease allows for fixed rent increases every five years in the option periods.
- Located along Lake Placid's main corridor, the property is situated on US-27/E Interlake Blvd, with a combined daily traffic count of 27.9K VPD.
- The closest CVS is located approximately 13 miles away.
- Located 2 miles away, Amazon is building a brand new, 75,000 square foot delivery station, expected to be operating in the Fall of 2025.
- Amazon is building a brand new, 75,000 square foot delivery station, expected to be operating in the Fall of 2025.
- CVS has been operating out of this location for over 26 years and are currently in their 2nd Option with 2 (5-Year) option periods remaining.
FOR SALE DETAILS
PRICE
$2,890,248 USD
PRICE/SF
$213 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FL CVS | No Rent Holiday | 26+ Yr Opt History
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.46 AC
LAND SF
63,598 SF
ZONING
C1
APN/PARCEL ID
P-31-36-30-A00-0312-0000
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619-297-0055
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619-297-0055
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