8361 Century Blvd - Drug Store FOR SALE
Century, FL 32535 |
$1,987,000 USD
813-725-2182
8361 Century Blvd
Century, FL 32535
HIGHLIGHTS
- Nearly 40-year tenancy with a 10-year lease extension, expiring May 31, 2036
- Below-replacement-cost base rent of $72,504/yr ($8.53/SF) with significant downside protection
- $7.17M+ in store sales generating $70,061 in percentage rent annually
- Corporately guaranteed by Holiday CVS, L.L.C., backed by CVS Health Corporation
- NN+ lease structure with landlord responsibilities limited to roof and structure
- Located in Florida, an income tax-free state and highly sought-after investment market
FOR SALE DETAILS
PRICE
$1,987,000 USD
PRICE/SF
$234 USD /SF
CAP RATE
3.8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.45 AC
LAND SF
63,162 SF
ZONING
INCORP
APN/PARCEL ID
05-5N-30-1211-000-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
813-725-2182
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
813-725-2182
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
