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West Palm Beach CVS Asset

245 S Military Trl, West Palm Beach, FL

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For Sale

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12,739 SF CVS on 1.82 acres for sale.

Type:RETAIL

Property size:

12,739 SF

Lot size:

1.82 Acres

Price / SF:

$478/SF

HighLights

Investment Grade Credit: Lease guaranteed by CVS Health, a Fortune 500 company.
High‑Traffic Location: Located at a highly trafficked intersection of S Military Trail and Gun Club Road.
Absolute NNN Lease: Short‑term absolute NNN lease, providing a secured investment.
Strong Rental Escalations: Features 2% rental escalations in each of the remaining option periods.
Ideal Location: Situated on 1.82 acres between suburban neighborhoods and key employers.
Dense Population & High Healthcare Spending: Benefits from a large population base and high healthcare expenditure in the surrounding area.

We can help!

Listing Contact

Drew Gilbert

For Sale

Contact for pricing

12,739 SF CVS on 1.82 acres for sale.

Type:RETAIL

Property size:

12,739 SF

Lot size:

1.82 Acres

Price / SF:

$478/SF

Added:: Apr 11, 2025
Days on Market:: 425
Last Refresh:: May 20 at 9:29 pm

Property Features for 245 S Military Trl

General Information

Standard status: Active
Size: 12,739 SF
Lot size: 1.82 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Drew Gilbert

Listing agent Clifton McCrory License #CA 01387583

Listing office Sands Investment Group (SIG) - Corporate

Listing date Apr 11, 2025

Source Moodyscre

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 Sands Investment Group (SIG) - Corporate

HighLights

Investment Grade Credit: Lease guaranteed by CVS Health, a Fortune 500 company.
High‑Traffic Location: Located at a highly trafficked intersection of S Military Trail and Gun Club Road.
Absolute NNN Lease: Short‑term absolute NNN lease, providing a secured investment.
Strong Rental Escalations: Features 2% rental escalations in each of the remaining option periods.
Ideal Location: Situated on 1.82 acres between suburban neighborhoods and key employers.
Dense Population & High Healthcare Spending: Benefits from a large population base and high healthcare expenditure in the surrounding area.

Overview

This 12,739 SF CVS asset is located at 245 South Military Trail in West Palm Beach, FL. Situated on a 1.82-acre lot, the property benefits from its location at the signalized intersection of S Military Trail and Gun Club Road, which experiences high traffic volume. The absolute NNN lease CVS is positioned between suburban neighborhoods and key employers. The lease includes rental escalations of 2% in each of the five, 5-year options. Consumer spending on healthcare exceeds $165 million annually within a 5-mile radius, with a total population exceeding 334,988 people within the same radius. Nearby retailers within a 1-mile radius include The Mall at Wellington Green, The Shoppes of Palm Beach, Target, Home Depot, Lowe’s, Walmart, Best Buy, Ross, Big Lots, CVS Pharmacy, Walgreens, Petsmart and Marshalls. The lease is corporately guaranteed by CVS Health, a Fortune 500 company with an S&P credit rating of BBB and over $358 billion in total revenue (2023).

Property Profile Location Intelligence

Current Use by Public Records

CVS Pharmacy Pharmacy CVS Pharmacy MoneyGram Bank Citibank ATM Atm Coinhub Bitcoin ATM ... Atm

Suggested Use

Similar Places Nearby

COVID-19 Drive-thru Testing at Walgreens — 963 S Military Trl, West Palm Beach, FL 33415
Walgreens Pharmacy — 963 S Military Trl, West Palm Beach, FL 33415
George A. MacGregor Jr, PharmD — 963 s military trail, west palm beach, fl 33415
Duy Huynh — 926 S Military Trail, West Palm Beach, FL 334153910
Palm Beach Chiro & Wellness — 750 S Military Trail, West Palm Beach, FL 33415

Location Insight

Map
Local Demand

City: West Palm Beach
County: Palm Beach
State: Florida
Longitude: -80.1131
Latitude: 26.6742

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For sale
Drug stores
FL
West Palm Beach
245 S Military Trl

What type of property is this?

Drug store - 12,739 SF CVS on 1.82 acres for sale.

Where is this drug store located?

The property is located at 245 S Military Trl West Palm Beach, FL.

What is the asking price?

The asking price for this property is $6,100,000.

What are key features of this property?

This property features: Investment Grade Credit: Lease guaranteed by CVS Health, a Fortune 500 company.; High‑Traffic Location: Located at a highly trafficked intersection of S Military Trail and Gun Club Road.; Absolute NNN Lease: Short‑term absolute NNN lease, providing a secured investment.

245 S Military Trl, West Palm Beach, FL

12,739 SF CVS on 1.82 acres for sale.

Property Features for 245 S Military Trl

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

West Palm Beach Commercial Building

Premier Office Building For Sale

West Palm Beach Commercial Property

Medical Office Suite with Recovery Room

Freestanding Two-Story Office Building

West Palm Beach Multifamily Gem

Income-Producing Multifamily Property

West Palm Beach Industrial Condo

Downtown West Palm Beach Redevelopment

Quadplex with Oversized Lot

Retail Space Near Airport

West Palm Beach Retail Plaza

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