4475 San Juan Ave - Drug Store FOR SALE


Jacksonville, FL 32210
$11,899,000 USD
480-221-4221
4475 San Juan Ave, Jacksonville, FL for Sale
$11,899,000 USD
Drug Store - FOR SALE
1/6
null | 5.25% Cap Rate

4475 San Juan Ave
Jacksonville, FL 32210


HIGHLIGHTS

  • Over 15 Years Remaining | Options To Extend | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Grocery Anchored Center | Strong National/Credit Tenant Presence
  • Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility Along Both Cross-Streets
  • Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: BBB), corporate guaranteed, CVS Pharmacy investment property located in Jacksonville, FL. The tenant has over 15 years remaining in their initial term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed by CVS Caremark Corporation and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across the United States and Puerto Rico.

FOR SALE DETAILS

PRICE

$11,899,000 USD

PRICE/SF

$786 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 15+yrs Remaining Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

Commercial

APN/PARCEL ID

093637-0010

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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