1037 Main St Bells Mill, FL 32428

This exceptional investment opportunity presents a freestanding CVS Pharmacy located at the highly visible northeast corner of Main Street and South Boulevard in Chipley, Florida. The property boasts a substantial 13,225 square foot building constructed in 2010, situated on a 1.96-acre lot with ample parking (62 spaces). The property benefits from a strong location on US Highway 77 (Main Street), a major north-south route with a high daily traffic volume of 19,500 vehicles at the intersection with South Boulevard. The CVS Pharmacy, established in 2011, operates under a Net Net lease with seven years remaining, ensuring consistent income. The property features a modern design, including a convenient two-lane drive-thru. With 100% occupancy and a strong Net Operating Income (NOI) of $254,090, this offering presents a compelling 7.35% cap rate at an asking price of $3,457,007 ($261.40 per square foot). The property is zoned for commercial use and has an APN of 29-2N-25-3120-0063-0000. This is a rare opportunity to acquire a well-established, high-performing retail property in a growing Florida Panhandle community. The property is located in Washington County, a rapidly developing area along the I-10 corridor between Tallahassee and Pensacola.