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    49581 Us-27 Davenport, FL 33897

    Sponsored
    For Sale
    $7,668,000

    Florida Retail Property - Net Lease

    Property size:
    13,802 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple interest in a 13,802 square foot CVS Pharmacy in Davenport, Florida. The property, built in 2010, sits on a 1.8-acre lot with 74 parking spaces and boasts a drive-thru. The absolute NNN lease, with a corporate guarantee from CVS Caremark Corporation (S&P: BBB), has approximately 12.2 years remaining, plus ten 5-year renewal options. The property enjoys a prime location on a signalized, hard-corner intersection with high visibility and access, situated across from a Publix-anchored center and near Walt Disney World Resort and significant residential developments. The strong demographics of the 5-mile trade area, combined with the established tenant and long-term lease, make this a compelling investment. The property features permitted Commercial Stores and Retail Outlet zoning. The asking price is $7,668,000, representing a 5.25% cap rate and a price per square foot of $555.57. The Net Operating Income (NOI) is $402,551. This is a management-free investment with zero landlord responsibilities, offering significant long-term value and passive income potential. The property's APN is 262513000000041020.

    Property Features for 49581 Us-27

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,802 SF
    Lot Size
    78,408 SF

    Building Details

    Year Built
    2010

    HighLights

    • 15‑Year Corporate Guaranteed Lease Remaining.
    • Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities.
    • High‑Visibility Hard Corner Location (38,500 VPD); Drive‑Thru.
    • Across from Publix; Strong Retail Corridor with National Tenants.
    • Adjacent to Walt Disney World Resort.
    • Strong Demographics; 264‑unit Harper Grove Apartments provide a direct consumer base within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.6666004
    Latitude
    28.3097234

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    FAQs

    What type of property is this?
    Individual retail property - Florida Retail Property - Net Lease
    Where is this individual retail property 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: 15-Year Corporate Guaranteed Lease Remaining.; Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities.; High-Visibility Hard Corner Location (38,500 VPD); Drive-Thru.
    Request Owner's contact information
    49581 Us-27 Davenport, FL 33897
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    Davenport, FL 33897
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49581 Us-27 Davenport, FL 33897
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