Absolute Net Leased
For Sale
Contact for pricing
15843 East Highway 40, Silver Springs, FL 34488
Single-tenant CVS/pharmacy is absolute net leased with zero landlord obligations and multiple renewal options.
Property SizeContact for details
Days on Market120
Property Features for 15843 East Highway 40
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(925) 348-1844
Listed By:
Kase Abusharkh · License #TX 708586
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:13AM
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 The Kase Group
Investment Insights
Based on property information with market context.
This offering is a single-tenant CVS/pharmacy absolute net lease with zero landlord obligations. The lease includes ten 5-year renewal options, and the tenant has 17 years remaining on the initial lease term. The initial term includes a 3-year rent holiday, and the seller will establish a sinking fund at closing to offset the lost rents associated with that period.
Located in Silver Springs, Florida, the property benefits from being positioned nearby national retailers including Dollar General, Advance Auto Parts, and Winn Dixie.
Located in Silver Springs, Florida, the property benefits from being positioned nearby national retailers including Dollar General, Advance Auto Parts, and Winn Dixie.
Key Highlights
- Single‑tenant CVS/pharmacy absolute net leased structure with zero landlord obligations
- Lease includes 17 years remaining on the initial term, plus a 3‑year rent holiday
- Tenant has ten 5‑year renewal options
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34488, FL
11,392
Population
6,816
Households
1.7
Avg Household Size
52
Median Age
19%
College-Educated
87%
High-School Grad
85.6 sq mi
ZIP Area
133
Density / Sq Mi
$45,239
Median Household Income
$29,074
Median Earnings
$1,098
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- CVS Pharmacy — 15843 E. HIGHWAY 40, Silver Springs, FL 34488
- Herbert R. Katz, RPh — 15912 FL-40, Silver Springs, FL 34488
- Chadwick J. Amato, RPH — 15912 FL-40, Silver Springs, FL 34488
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant CVS/pharmacy is absolute net leased with zero landlord obligations and multiple renewal options.
Where is this drug store located?
The property is located at 15843 East Highway 40 Silver Springs, FL.
What are key features of this property?
This property features: Single‑tenant CVS/pharmacy absolute net leased structure with zero landlord obligations; Lease includes 17 years remaining on the initial term, plus a 3‑year rent holiday; Tenant has ten 5‑year renewal options
