49581 Highway 27 - Freestanding FOR SALE


Davenport, FL 33897- North Polk
$7,668,000 USD
949-547-2213
49581 Highway 27, Davenport, FL for Sale
$7,668,000 USD
Freestanding - FOR SALE
1/8
null | 5.25% Cap Rate

49581 Highway 27
Davenport, FL 33897
North Polk


HIGHLIGHTS

  • 15 Years Remaining | Corporate Guaranteed | Well-Known and Established Tenant | Investment Grade (S&P: BBB)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (38,500 VPD) | Excellent Visibility & Access | Drive-Thru Equipped
  • Across from Publix Anchored Center | Retail Corridor | Strong National/Credit Tenant Presence
  • Popular Tourist Destination | Walt Disney World Resort
  • Harper Grove Apartments (264 units) | Direct 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, corporate guaranteed, drive-thru equipped CVS Pharmacy investment property located in Davenport, Florida. The tenant, Holiday CVS, LLC, has approximately 15 years remaining on 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 (S&P: BBB) 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

$7,668,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS w/ Drive-Thru in FL | 15-Yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

-

APN/PARCEL ID

13-25-26-000000-041020

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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