Freestanding CVS Pharmacy For
255 S State Rd 7, Margate, FL 33068
For Sale
Contact for pricing
Absolute Net Leased CVS Pharmacy in Margate, Florida.
Property Size11,169 SF
Lot Size0.92 Acres
Price / SF$358.13
Days on Market233
Property Features for 255 S State Rd 7
General Information
Standard status
Size
Lot size
Property subtype
Investment Type
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Gabriel Britti · License FL SL3211804
(518) 269-0496
Source:
Crexi
Added: Mar 26
Changed: Oct 29
Last Checked: Nov 12 at 8:35AM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
This is an Absolute Net Leased CVS Pharmacy for sale, located at 255 S. State Road in Margate, Florida. The property features a freestanding building with 11,169 square feet of retail space on a 0.92-acre parcel of land. The surrounding area is experiencing growth with numerous apartment complexes and brand-new home communities. Nearby residential complexes include Cross Creek Apartments (336 units), Legacy Lakeview Apartments (152 units), Vista Verde, The Palms Apartments, ARIUM Coconut Creek, and ARIUM Lakeside. New home communities in the vicinity are The Enclave by Pulte Homes (125 homesites), Oak Tree by Pulte Homes (over 400 homesites), Madison Place by D.R. Horton (108 homesites), and Cassia Estates by Pulte Homes (84 homesites). The property is near HCA Florida Northwest Hospital, a 289-bed facility, as well as Broward College (33,243 students), Atlantic Technical College (649 students), and American College of Health. CVS is an American Retail Corporation with over 9,967 locations, 203,000 employees and Revenue of US $134.128 Billion in 2018. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products, cosmetics, film and photos finishing services, seasonal merchandise and convenience foods. Margate is a city in Broward County, Florida with a population over 58,712 and part of the Miami-Metropolitan Area which was home to over 6,166,488 people in 2020.
Key Highlights
- Absolute net leased CVS Pharmacy for passive income.
- Located in Margate, Florida, part of the Miami‑Metropolitan Area.
- High‑traffic location surrounded by apartment complexes and new home communities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,621
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,552,420
$3.6M
Cap Rate 7%
$2,537,443
$2.5M
Cap Rate 9%
$1,973,567
$2.0M
Market Conditions
NOI Build-Up for 11,169 SF
Gross rent
$254.7K $22.80/SF
− Vacancy
−$17.8K −$1.60/SF
EGI
$236.8K $21.20/SF
− OpEx
−$59.2K −$5.30/SF
NOI
$177.6K $15.90/SF
Area
Broward County, FL
Vacancy
7.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,552,420
Cap Rate 7%
$2,537,443
Cap Rate 9%
$1,973,567
Alternative Uses
Best Use
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,621 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,649 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$5.67M
$4.96M – $6.61M
NOI $396,655 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Walmart Pharmacy — 7900 W McNab Rd, North Lauderdale, FL 33068
- Raven Harris — 7900 W McNab Rd, North Lauderdale, FL 33068
- Fairadvantage — 1472 Avon Ln, North Lauderdale, FL 33068
- Rhonda Skinner, RPH — 7105 w mcnab rd, north lauderdale, fl 33068
- lulus holistic spa — 1591 S State Rd 7, North Lauderdale, FL 33068
Frequently Asked Questions
What type of property is this?
Drug store - Absolute Net Leased CVS Pharmacy in Margate, Florida.
Where is this drug store located?
The property is located at 255 S State Rd 7 Margate, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Absolute net leased CVS Pharmacy for passive income.; Located in Margate, Florida, part of the Miami‑Metropolitan Area.; High‑traffic location surrounded by apartment complexes and new home communities.
