49581 US-27 Davenport, FL 33897

Building Details

Year Built

2010

Listing Agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by John Redfield · License #CA 01928036

Source Crexi

Added: Mar 14, 2022 Checked: Jul 16 at 7:00 am

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Investment Insights

Based on property information with market context.

This property offers the opportunity to acquire the fee simple interest in a corporate guaranteed CVS Pharmacy investment property in Davenport, Florida. The property is an absolute NNN lease, with zero landlord responsibilities. The tenant, Holiday CVS, LLC, has approximately 15 years remaining on their initial term with 10 (5-year) options to extend. The lease is corporate guaranteed by CVS Caremark Corporation. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across the United States and Puerto Rico. The property is a drive-thru equipped CVS Pharmacy.

Key Highlights

• Absolute NNN lease: zero landlord responsibilities, ideal for passive investors
• Corporate guaranteed lease by CVS Caremark Corporation (S&P: BBB)
• Approximately 15 years remaining on the initial lease term with 10 (5‑year) options to extend

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FAQs

What type of property is this?

Drug store - NNN corporate guaranteed CVS Pharmacy with drive-thru and long term.

Where is this drug store located?

The property is located at 49581 US-27 Davenport, FL.

What is the asking price?

The asking price for this property is $7,668,000.

What are key features of this property?

This property features: Absolute NNN lease: zero landlord responsibilities, ideal for passive investors; Corporate guaranteed lease by CVS Caremark Corporation (S&P: BBB); Approximately 15 years remaining on the initial lease term with 10 (5‑year) options to extend