ASKING PRICE: $4,479,360
CAP RATE: 5.0%
- EXCELLENT RETAIL LOCATION — Located near I-75 within Lake City’s high traffic leading retail area. Outparcel to under construction shopping center anchored by Hobby Lobby, Dick’s Sporting Goods & Ross Dress For Less. Near other retailers including Lake City Mall, Walmart, Publix, Lowe’s & Home Depot.
- ATTRACTIVE INVESTMENT — Long-term lease with rare rent increases in options and minimal landlord responsibilities; Florida has no state income tax
- ESTABLISHED TENANT — Corporate guaranteed; CVS/pharmacy is America’s leading retail pharmacy with more than 9,500 retail drug stores and 1,100 walk-in medical clinics
- EXPANDING TRADE AREA — 14,000 households and nearly 35,000 people, with an average household income of $54K+, within five miles
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