49581 Us-27 Davenport, FL 33897
- Retail properties
- 13,802 SF
- 1.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 49581 Us-27
- Year built
- 2010
- Lot size
- 1.80 lot acres
- Property size
- 13,802 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Polk
- State
- Florida
- Longitude
- -81.6666
- Latitude
- 28.3097
