Davenport CVS Pharmacy Investment
For Sale
Contact for pricing
Pending
49581 US-27, Davenport, FL 33897
NNN corporate guaranteed CVS Pharmacy with drive-thru and long term.
Property Size13,802 SF
Days on Market1632
Property Features for 49581 US-27
General Information
Standard status
Pending
Size
13,802 SF
Total Parking Spaces
74
Property subtype
Retail
Zoning
Commercial Stores, Retail Outlet
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$402,551
Building Details
Year Built
2010
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Mar 14, 2022
Changed: Aug 13
Last Checked: Aug 31 at 12:45PM
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 SRS Real Estate Partners Newport Beach
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
207k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
McDonald's
Dining
31,416 visits/mo
0.1 miles
7-Eleven
Shops & Services
31,355 visits/mo
0.1 miles
Dollar Tree
Shops & Services
29,325 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
24,567 visits/mo
0.3 miles
Dollar General
Shops & Services
17,309 visits/mo
0.1 miles
Demographics for 33897, FL
25,352
Population
13,291
Households
1.9
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
607
Density / Sq Mi
$73,457
Median Household Income
$36,154
Median Earnings
$1,880
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sherif Basta — 2424 Sand Mine Rd, Davenport, FL 338973400
- CVS Pharmacy — 49581 US Hwy 27, Davenport, FL 33897, United States
- Salisha Khan-Gani — 49581 US Hwy 27, Davenport, FL 338979507
Frequently Asked Questions
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
