Asking Price: $4,479,360
Cap Rate: 5.00%
- Excellent retail location: Located near Interstate 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
- There are no features available