Property summary
This exceptional investment opportunity presents a freestanding, single-tenant CVS Pharmacy building in Margate, Florida. The property boasts 12,739 square feet on a 1.71-acre lot, offering a strong 6.00% cap rate. Leased to CVS Pharmacy under an absolute NNN lease with a corporate guarantee from Holiday CVS, L.L.C., the lease commenced October 24, 2024, and expires October 23, 2029, with a remaining term of approximately 4.9 years. Rent increases of 1.5% every five years are built into the… lease. The property benefits from a prime location in a dense retail corridor with low vacancy rates, proximity to major shopping centers (Coconut Creek Plaza and Lakewood Mall), and a high population density (384,284 residents within 5 miles). The building, constructed in 1984, features a drive-thru pharmacy, adding to its operational efficiency and appeal. This is a fee-simple ownership opportunity with minimal landlord responsibilities, making it an ideal passive income investment. The property's strong tenant, favorable lease terms, and strategic location combine to create a compelling investment proposition in a thriving Florida market. The property is located at 1200 FL-7, Margate, FL 33063. The Net Operating Income (NOI) is $403,779, and the asking price is $6,729,650, resulting in a price per square foot of $528.27. The property is situated in Broward County, a high-growth area of Florida, known for its strong economy and favorable business climate. The location benefits from high traffic counts on a signalized corner. The area also boasts a significant student population due to the proximity of Atlantic Technical College. Florida's no-income-tax status further enhances the investment's attractiveness.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,739 SF
- Lot area
- 1.71 ac
- Year built
- 1984
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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