ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

CVS – Lake City, FL – NN Lease

2233 West U.S. 90

Asking Price: $4,479,360
Cap Rate: 5.00%

PROPERTY HIGHLIGHTS

  • 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

$4,479,360

11,945 sf

Price:

$4,479,360

Cap Rate:

5.0%

Building Size:

11,945 sf

SF Land Area:

1.36 ac

Current NOI:

$223,968

Lease Type:

NN

Remaining Term:

Seventeen (17) Years

Status:

Under LOI

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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