245 S Military Trl - Drug Store FOR SALE
West Palm Beach, FL 33415 |
$6,100,000 USD
678-365-5168
245 S Military Trl
West Palm Beach, FL 33415
HIGHLIGHTS
- Short Term Absolute NNN Lease CVS Located at the Highly Trafficked Signalized Intersection of S Military Trl (45,000+ VPD) & Gun Club Road
- The Property is Ideally Situated on a 1.82 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area
- Strong Rental Escalations in the Amount of 2% Each Options With 5 x 5 Year Options Remaining
- Total Consumer Spending on Healthcare Exceeds $165 Million Annually Within a 5-Mile Radius of This Location
- Established Retailers Within a 1-Mile Radius Include: The Mall at Wellington Green, The Shoppes of Palm Beach, Target, Home Depot, Lowe’s, Walmart Etc
- Investment Grade Credit / Fortune 500 Company: Lease Corporately Guaranteed By CVS Health, the 6th Ranked Company in the Fortune 500
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,739 SF CVS Located at 245 South Military Trail in West Palm Beach, FL. This Deal Includes a Short-Term Absolute NNN Lease CVS Located at the Highly Trafficked Signalized Intersection of S Military Trl (45,000+ VPD) and Gun Club Road (11,000+ VPD) in West Palm Beach, FL, Providing For a Secured Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$6,100,000 USD
PRICE/SF
$479 USD /SF
CAP RATE
5.11%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS - West Palm Beach, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
1.82 AC
LAND SF
79,279 SF
ZONING
CG, County
APN/PARCEL ID
00-42-44-01-27-002-0010
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678-365-5168
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678-365-5168
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