Drive-Thru Pharmacy Retail
1005 South Ohio Avenue Live Oak, FL 32064
1005 South Ohio Avenue, Live Oak, FL, 32064
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For Sale
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For-sale drive-thru pharmacy property leased on a double net basis with landlord responsible for roof and structure.
Days on Market103
Property Features for 1005 South Ohio Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Pharma Property Group
(619) 297-0055
Listed by
Jason Pongsrikul · License #CA 01918332
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 8:40PM Checked: Jul 21 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
This for-sale drive-thru pharmacy retail property is operated under a corporate-guaranteed lease structure associated with the CVS parent. The lease is a double net arrangement with the landlord responsible for roof and structure, and it includes a five-year primary term remaining followed by five (5) year option periods. The lease provides for approximately seven percent (7%) rent increases during each option period, and the tenant recently exercised its first option to extend the lease for the next five years.
The property is located in the central retail corridor of Live Oak, Florida, with a reported 280,000 square feet of retail space in the area. The subject property is described as the only CVS in Live Oak, with the next closest CVS more than 16 miles away, and a Walgreens is located less than half a mile to the south.
Retail neighbors in the immediate area described in the remarks include Advanced Auto Parts and O’Reilly Auto Parts across the street, along with QSR and consumer retail brands such as KFC, Dairy Queen, Pizza Hut, Wing Street, Hardee’s, Verizon Wireless, and Family Dollar.
The property is located in the central retail corridor of Live Oak, Florida, with a reported 280,000 square feet of retail space in the area. The subject property is described as the only CVS in Live Oak, with the next closest CVS more than 16 miles away, and a Walgreens is located less than half a mile to the south.
Retail neighbors in the immediate area described in the remarks include Advanced Auto Parts and O’Reilly Auto Parts across the street, along with QSR and consumer retail brands such as KFC, Dairy Queen, Pizza Hut, Wing Street, Hardee’s, Verizon Wireless, and Family Dollar.
Key Highlights
- Drive‑thru pharmacy leased on a double net basis; landlord responsible for roof and structure
- Five years of primary lease term remaining, followed by five (5) year options
- Lease provides approximately 7% rent increases each of the five option periods
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Drug store - For-sale drive-thru pharmacy property leased on a double net basis with landlord responsible for roof and structure.
Where is this drug store located?
The property is located at 1005 South Ohio Avenue Live Oak, FL.
What are key features of this property?
This property features: Drive‑thru pharmacy leased on a double net basis; landlord responsible for roof and structure; Five years of primary lease term remaining, followed by five (5) year options; Lease provides approximately 7% rent increases each of the five option periods
