CVS Drug Store at Signalized
For Sale
Contact for pricing
1596 Highway A1A, Satellite Beach, FL 32937
Established CVS location with a corporately guaranteed NNN lease and multiple renewal options.
Property Size12,465 SF
Lot Size1.39 Acres
Days on Market143
Property Features for 1596 Highway A1A
General Information
Standard status
Active
Size
12,465 SF
Lot size
1.39 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2000
Year Renovated
2009
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Michael Shover · License #PA RS297166
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 12:50PM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
The property is occupied by a CVS drug store in a 12,465-square-foot building on a 1.39-acre parcel. Constructed in 2000 and renovated in 2009, the store occupies the signalized intersection of Highway A1A and Desoto Parkway and includes two ingress and egress points.
The site is at 1596 Highway A1A in Satellite Beach, Florida, one block from the beach. Highway exposure generates reported daily traffic of more than 23,000 vehicles. The lease is corporately guaranteed by CVS and carries an investment-grade BBB+ rating from Standard & Poor’s. The current NNN lease includes a 20-year extension, five five-year renewal options, and 5% rent increases during each option period.
The site is at 1596 Highway A1A in Satellite Beach, Florida, one block from the beach. Highway exposure generates reported daily traffic of more than 23,000 vehicles. The lease is corporately guaranteed by CVS and carries an investment-grade BBB+ rating from Standard & Poor’s. The current NNN lease includes a 20-year extension, five five-year renewal options, and 5% rent increases during each option period.
Key Highlights
- 12,465‑square‑foot CVS drug store on 1.39 acres
- Built in 2000 and renovated in 2009
- Signalized corner at Highway A1A and Desoto Parkway
Property Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 25%
ABC Fine Wine & Spirits
Groceries
9,573 visits/mo
0.5 miles
Texaco
Shops & Services
3,136 visits/mo
0.5 miles
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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- Walgreens Pharmacy — 1098 Florida A1A, Satellite Beach, FL 32937
Frequently Asked Questions
What type of property is this?
Drug store - Established CVS location with a corporately guaranteed NNN lease and multiple renewal options.
Where is this drug store located?
The property is located at 1596 Highway A1A Satellite Beach, FL.
What are key features of this property?
This property features: 12,465‑square‑foot CVS drug store on 1.39 acres; Built in 2000 and renovated in 2009; Signalized corner at Highway A1A and Desoto Parkway
