49581 Us Highway 27 Davenport, FL 33897

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.