7380 Davis Blvd - Drug Store FOR SALE


Naples, FL 34104- Naples Manor
$7,499,816 USD
619-297-0055
7380 Davis Blvd, Naples, FL for Sale
$7,499,816 USD
Drug Store - FOR SALE
1/3
null | 6% Cap Rate

7380 Davis Blvd
Naples, FL 34104
Naples Manor


HIGHLIGHTS

  • Expanding retail corridor with proposed Wawa, McDonald’s, AutoZone, and Whole Foods developments nearby.
  • High traffic intersection with combined traffic counts of ±54,000 vehicles per day.
  • 3-mile population growth of nearly 15% over the past five years with projected annual growth of 1.8% through 2030.
  • Average household incomes exceed $96,000 within a 3-mile radius with more than 66,000 residents in the immediate trade area.
  • Multiple new multifamily and residential developments underway, adding hundreds of housing units to the surrounding area.

OVERVIEW

Pharma Property Group is pleased to market for sale the CVS property located at 7380 Davis Boulevard in Naples, Florida (the "Property"). CVS has had a long successful operating history at this location for over 15 years and the lease features ±5% rental increases every 5 years. The Property is strategically positioned within a growing retail corridor where several new commercial developments, including Wawa, McDonald's, AutoZone, and Whole Foods, are planned or under development in the immediate area. Situated on a highly visible signalized hard corner, the Property benefits from exposure to more than 54,000 vehicles per day. The surrounding trade area continues to experience strong demographic growth, with the population within a 3-mile radius increasing nearly 15% over the past five years and projected to grow an additional 1.8% annually through 2030. This CVS serves an affluent and expanding customer base, supported by average household incomes exceeding $96,000 and a population of more than 66,000 residents within 3 miles. Further enhancing the Property's long-term outlook, the immediate area is undergoing significant residential expansion, with numerous multifamily and single-family housing developments recently completed, under construction, or planned. These projects are expected to introduce hundreds of new housing units, further increasing consumer demand and reinforcing the Property's position within the Naples' market. Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, FL DRE Lic. BK3327646.

FOR SALE DETAILS

PRICE

$7,499,816 USD

PRICE/SF

$650 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Expanding Retail Corridor | No Rent Holiday

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

C-2

APN/PARCEL ID

30840000023

ASK ABOUT THIS PROPERTY

Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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