1390 S Jefferson St - Drug Store FOR SALE


Monticello, FL 32344- Eastern Panhandle
$4,222,400 USD
760-448-1372
1390 S Jefferson St, Monticello, FL for Sale
$4,222,400 USD
Drug Store - FOR SALE
1/12
null | 7% Cap Rate

1390 S Jefferson St
Monticello, FL 32344
Eastern Panhandle


HIGHLIGHTS

  • Strong Corporate Lease Guarantee | CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) – Only Investment Grade Pharmacy in the US
  • Revenues of $357.8 Billion | Ranked #6 on Fortune 500
  • Attractive Absolute NNN Lease | Zero Landlord Responsibilities
  • Zero Pharmacy Competition | No Other CVS or Walgreens within 21 Mile Radius
  • Located Along the Main Corridor into Downtown Monticello | Directly Across From Winn-Dixie Grocery Anchored Center, Tractor Supply, O'Reilly Auto
  • Located 30 Miles from Downtown Tallahassee & Tallahassee International Airport

OVERVIEW

Lee & Associates, together with Bang Realty are pleased to present an exceptional investment opportunity featuring a CVS Pharmacy located in the heart of Monticello, FL. This high-performing property is backed by CVS Health, a Fortune 500 company and one of the largest and most respected pharmacy chains in the United States, offering stability and reliability for long-term returns. The property is secured by an absolute triple-net (NNN) lease, ensuring the tenant is responsible for all expenses, including property taxes, insurance, and maintenance, providing a true hands-off investment with predictable and stable income. Ideally positioned on a high-traffic corridor, the property benefits from excellent visibility and accessibility in a growing market. Monticello serves as a key hub in Jefferson County, supported by strong local demographics and a mix of residential and commercial development, driving consistent customer traffic to the property. With a strong national tenant, a secure lease structure, and a prime location, this CVS investment represents a rare and attractive opportunity for investors seeking long-term, passive income.

FOR SALE DETAILS

PRICE

$4,222,400 USD

PRICE/SF

$306 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.81 AC

LAND SF

165,964 SF

ZONING

-

APN/PARCEL ID

31-2N-5E-0000-0132-0000,31-2N-5E-0000-0133-0000

ASK ABOUT THIS PROPERTY

Drew OlsonLee & AssociatesMore Info
760-448-1372

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

Drew OlsonLee & AssociatesMore Info
760-448-1372

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