4977 Co 466A Rd - Drug Store FOR SALE


Wildwood, FL 34785
$11,315,600 USD
404-923-1381
4977 Co 466A Rd, Wildwood, FL for Sale
$11,315,600 USD
Drug Store - FOR SALE
1/3
null | 5.25% Cap Rate

4977 Co 466A Rd
Wildwood, FL 34785


HIGHLIGHTS

  • Brand-New NNN Lease with Corporate Guaranty from CVS Health Corporation (NYSE: CVS; S&P: BBB)
  • Currently Under Construction | Expected Delivery Date is April 2024
  • Located in the Heart of The Villages | The Largest Single-Site Residential Real Estate Development in the U.S.
  • Adjacent to the 95,694-Square-Foot Pinellas Plaza | Winn-Dixie, Walgreens, T-Mobile, The UPS Store, Subway, etc.
  • Orlando-Kissimmee, FL MSA Advantage | MSA Population: 2.8M+
  • Located on the hard corner of Sumter County Rd 466A (17,300 VPD) & Powell Rd (10,600 VPD).

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 14,856-square-foot CVS Pharmacy located on 2.10 acres in Wildwood, Florida—part of the Orlando-Kissimmee, FL MSA (Population: 2.8M+). Currently under construction (expected commencement in April 2024), CVS’ brand-new NNN lease features 20 years of primary term and a corporate guaranty from CVS Health Corporation (NYSE: CVS; S&P: BBB). Additionally, the six, 5-year renewal options boast a 10% rent increase at the onset of each extension.

FOR SALE DETAILS

PRICE

$11,315,600 USD

PRICE/SF

$762 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

CROSS STREETS

Powell Road

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

-

APN/PARCEL ID

G05-119

ASK ABOUT THIS PROPERTY

Will PikeCBRE, Inc.More Info
404-923-1381

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Will PikeCBRE, Inc.More Info
404-923-1381

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