CVS Pharmacy
For Sale
Contact for pricing
8361 North Century Boulevard, Century, FL 32535
Established pharmacy property with a documented 10-year lease extension and percentage-rent structure.
Property Size9,212 SF
Price / SF$215.70
Days on Market8
Property Features for 8361 North Century Boulevard
General Information
Standard status
Active
Size
9,212 SF
Property subtype
Retail
Lease Type
NN+
Investment Type
Net Lease
Net Operating Income
$75,504
Building Details
Year Built
1986
Year Renovated
2025
Tenancy
Single
Listing Agency:
Matthews
(239) 994-9643
Listed By:
Daniel Gonzalez · License #SL3463209 (FL)
Source:
Crexi
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 5 at 4:44AM
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 Matthews
Investment Insights
Based on property information with market context.
This 9,212-square-foot drug store property is occupied by CVS Pharmacy and was constructed in 1986. The asset is positioned as an established retail pharmacy building with a documented lease extension providing an additional 10-year term.
The lease includes percentage rent, creating a rent structure tied in part to store performance. The property is located at 8361 North Century Boulevard in Century, Florida, providing a defined commercial address for the pharmacy use.
The lease includes percentage rent, creating a rent structure tied in part to store performance. The property is located at 8361 North Century Boulevard in Century, Florida, providing a defined commercial address for the pharmacy use.
Key Highlights
- 9,212‑square‑foot drug store property
- Occupied by CVS Pharmacy
- Constructed in 1986
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.3k | $17.40 |
| − Vacancy | −$13.4k | −$1.46 |
| EGI | $146.9k | $15.94 |
| − OpEx | −$36.7k | −$3.99 |
| NOI | $110.2k | $11.96 |
9,212 SF · lease $17.40/SF/yr · vacancy 8.37% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,154 @ 7.0% cap · market cap 5.54%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,116 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,252 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32535, FL
6,043
Population
2,036
Households
3
Avg Household Size
40
Median Age
6%
College-Educated
78%
High-School Grad
70.5 sq mi
ZIP Area
86
Density / Sq Mi
$40,318
Median Household Income
$26,707
Median Earnings
$731
Median Rent
$124,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS Pharmacy — 8361 N Century Blvd, Century, FL 32535
- Century Pharmacy — 7531 Mayo St, Century, FL 32535
- Anderson Charles E — 7531 Mayo St, Century, FL 32535
- Julie L. Booth-Moran, RPH — 7531 Mayo St, Century, FL 32535
- Eric Kimsey — 8361 N Century Blvd, Century, FL 325351629
Frequently Asked Questions
What type of property is this?
Drug store - Established pharmacy property with a documented 10-year lease extension and percentage-rent structure.
Where is this drug store located?
The property is located at 8361 North Century Boulevard Century, FL.
What is the asking price?
The asking price for this property is $1,987,000.
What are key features of this property?
This property features: 9,212‑square‑foot drug store property; Occupied by CVS Pharmacy; Constructed in 1986
