Coral Gables Retail Investment Opportunity

2120 SW 32nd Ave, Coral Gables, FL 33145

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For Sale

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Single-tenant retail building leased to CVS Health Corporation/Navarro Company.

Type:Retail

Property size:

23,519 SF

Lot size:

1.95 Acres

Price / SF:

$764/SF

HighLights

New 15‑year lease with CVS Health Corporation/Navarro Company, offering a stable, long‑term investment.
Located in affluent Coral Gables, a Miami‑Dade County submarket.
Significant development potential on a large 1.95‑acre lot.
Corporate guarantee from CVS Health Corporation/Navarro Company.
Brand new construction/major renovations completed in 2024.
Eight, 5‑year renewal options with 5% rental increases.

We can help!

Contact an agent

Manny Chamizo

For Sale

Contact for pricing

Single-tenant retail building leased to CVS Health Corporation/Navarro Company.

Type:Retail

Property size:

23,519 SF

Lot size:

1.95 Acres

Price / SF:

$764/SF

Added:: May 15, 2025
Days on Market:: 419
Last Refresh:: Jul 5 at 3:21 pm

Property Features for 2120 SW 32nd Ave

General Information

Standard status: Active
Size: 23,519 SF
Lot size: 1.95 Acres
Property subtype: Retail

Building Details

Year Built: 2024

We can help!

Contact an agent

Manny Chamizo

Listing office Manny Chamizo #1 Sotheby's Commercial Broker

Listing date May 15, 2025

Source Crexi

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 Manny Chamizo #1 Sotheby's Commercial Broker

HighLights

New 15‑year lease with CVS Health Corporation/Navarro Company, offering a stable, long‑term investment.
Located in affluent Coral Gables, a Miami‑Dade County submarket.
Significant development potential on a large 1.95‑acre lot.
Corporate guarantee from CVS Health Corporation/Navarro Company.
Brand new construction/major renovations completed in 2024.
Eight, 5‑year renewal options with 5% rental increases.

Overview

Located on the edge of Coral Gables' central business district, a single-tenant retail building is available for investment. The property is leased to CVS Health Corporation/Navarro Company. The building, with a total rentable building area of 23,344 square feet, is situated on approximately 1.95 acres of land. A brand new 15-year lease commenced on April 1, 2024, and expires on April 1, 2039, with eight renewal options of five years each. The lease includes 5% rental increases at each option term. The current annual rent is $916,522.66, which translates to $39.26 per square foot annually or $3.27 per square foot monthly. The lease is absolute net, with the tenant responsible for interior, fixtures, equipment, taxes, and maintenance. The landlord is responsible for the roof, structure, and parking lot. Major renovations were completed in 2024. The property is located in a prominent retail area near other national tenants, offering excellent development potential. The location benefits from strong demographics within a 5-mile radius.

Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Similar Places Nearby

Navarro Pharmacy #11509 — 2120 SW 32nd Ave, Miami, FL 33145
CVS — 2120 SW 32nd Ave, Miami, FL 33145
CVS Pharmacy — 2120 SW 32nd Ave, Miami, FL 33145
MTHFR Store — 2251 SW 27th Ave, Miami, FL 33145
KetonesPrüvit — 2465 SW 18th Ave, Miami, FL 33145

Map

City: Coral Gables
County: Miami-Dade
State: Florida
Longitude: -80.2344
Latitude: 25.7527

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For sale
Drug stores
FL
Coral Gables
33145
2120 SW 32nd Ave

What type of property is this?

Drug store - Single-tenant retail building leased to CVS Health Corporation/Navarro Company.

Where is this drug store located?

The property is located at 2120 SW 32nd Ave Coral Gables, FL.

What is the asking price?

The asking price for this property is $17,971,032.

What are key features of this property?

This property features: New 15‑year lease with CVS Health Corporation/Navarro Company, offering a stable, long‑term investment.; Located in affluent Coral Gables, a Miami‑Dade County submarket.; Significant development potential on a large 1.95‑acre lot.