901 S Main St - Drug Store FOR SALE


Wildwood, FL 34785
$2,295,000 USD
619-297-0055
901 S Main St, Wildwood, FL for Sale
$2,295,000 USD
Drug Store - FOR SALE
1/2
null | 6.53% Cap Rate

901 S Main St
Wildwood, FL 34785


HIGHLIGHTS

  • CVS has been operating at this site for 26 years, and in June 2025, extended its lease for an additional 10 years.
  • At lease expiration, CVS will be paying $12.67 per square foot in rent, which is under the local retail market rent of $23-$25 per square foot.
  • CVS guarantees the rental income, which has a 39.45% increase in the first option period, and does not include a rent holiday.
  • Advanced Center for Healthcare at Brownwood (built 2020 is located 1 mi E and is a 240K SF state-of-the-art health care facility.
  • In June 2025, the property was upgraded with a new roof, and the parking lot was resealed and restriped.
  • Located at the signalized intersection of S Main St and E Gulf Atlantic Hwy (53K VPD) and less than a half mile from the Florida Tpke (56K VPD).

OVERVIEW

We are pleased to market for sale the CVS property located at 901 South Main Street, Wildwood, FL 34785 ("The Property"). CVS has been at this location since 1998 and recently signed a new 10-year extension, demonstrating its commitment to the location. In June 2025, the property was upgraded with a new roof, and the parking lot was resealed and restriped. The investment offers a rare CVS opportunity in Florida with replaceable rent levels. At lease expiration, CVS will be paying $12.67 per square foot in rent, which is under the local retail market rent of $23-$25 per square foot. There is no rent holiday, and the lease calls for a 39.45% rental increase in the first option period. The Property is located one mile from the Advanced Center for Healthcare at Brownwood, a 240,000-square-foot medical facility completed in 2020, serving the rapidly growing retiree population in Wildwood and The Villages. The surrounding area has a median age of over 60 years old, supporting consistent pharmacy demand. Strategically located at the signalized intersection of South Main Street and East Gulf Atlantic Highway, the Property benefits from visibility to over 53,000 vehicles per day, with immediate proximity to the Florida Turnpike with 56,000 vehicles per day—a major north-south artery connecting Wildwood to the broader Central Florida region. Listed in conjunction with Brian Brockman, Bang Realty - Naples, Inc, 513-898-1551, wg@bangrealty.com, FL DRE Lic. BK3327646.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Recent 10 Yr Ext. | Replaceable Rent Levels

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

G07-058

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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