255 State Rd 7 Margate, FL 33068
Sponsored
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 391
Property Features for 255 State Rd 7
General Information
- Property type
- Individual retail properties
- Square Feet
- 11,169 SF
- Lot Size
- 40,075 SF
Building Details
- Year Built
- 2002
- Buildings
- 1
- Stories
- 1
- Units
- 1
HighLights
- 11,169 SF CVS Pharmacy on a 0.92‑acre lot in Margate, FL (Miami MSA).
- Absolute NNN lease with CVS Health Corporation (BBB+ S&P rating), corporate guarantee, ~3.2 years remaining, 10 option periods.
- 7.58% cap rate, $379,025 NOI, $5,000,329 asking price ($447.70/SF).
- Prime, hard‑signalized corner location with high visibility.
- Strong demographics: Margate population over 58,712, Miami MSA over 6 million. Surrounded by residential growth (apartments, new homes). Proximity to HCA Florida Northwest Hospital and Broward College.
- Fee simple ownership, allowing for depreciation benefits. Florida's no state income tax.
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Map
- City
- Margate
- County
- Broward
- State
- Florida
- Longitude
- -80.2054811
- Latitude
- 26.2276863
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - High-yield, low-risk CVS investment.
Where is this individual retail property located?
The property is located at 255 State Rd 7 Margate, FL.
What is the asking price?
The asking price for this property is $5,000,329.
What are key features of this property?
This property features: 11,169 SF CVS Pharmacy on a 0.92-acre lot in Margate, FL (Miami MSA).; Absolute NNN lease with CVS Health Corporation (BBB+ S&P rating), corporate guarantee, ~3.2 years remaining, 10 option periods.; 7.58% cap rate, $379,025 NOI, $5,000,329 asking price ($447.70/SF).
