245 Military Trl West Palm Beach, FL 33415-3136

This exceptional investment opportunity presents a 12,739 square foot CVS Pharmacy located at 245 South Military Trail, West Palm Beach, Florida, 33415. The property sits on a 1.82-acre lot at a highly trafficked signalized intersection, boasting an absolute NNN lease with a corporate guarantee from CVS Health, a Fortune 500 company. The lease, originally commencing February 1, 2002, has a remaining term of approximately two years, with five 5-year options remaining, each including a 2% rent increase. The current asking price is $6,100,000, representing a price per square foot of $478.84 and a 5.11% cap rate. The property's Net Operating Income (NOI) is $311,446, reflecting a 100% occupancy rate. Built in 2002, this strategically located retail asset benefits from its proximity to major employers, substantial residential areas, and numerous established retailers within a one-mile radius, including The Mall at Wellington Green and other prominent brands. The location enjoys high consumer spending on healthcare within a five-mile radius, exceeding $165 million annually, serving a population exceeding 334,988. This investment offers a secure, high-yield opportunity with a strong tenant and significant upside potential.