CVS Pharmacy | Apopka, FL

65 E Main St, Apopka, FL 32703

Description Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy Absolute NNN Lease Located in Apopka, Florida. This Property Has Over 18 Years Remaining on the Base Term of the Lease and Features Rare 5% Increases at Each of the 5 (5-Year) Option Periods Providing a Hedge Against Inflation. The Building Includes a Double Lane Drive-Thru and Sits on Over 1.6 Acres of Land. This Location is Open 24 Hours a Day and CVS Recently Remodelled the Location to Update to the New Prototype Featuring a CVS Health Hub. CVS is the Largest Pharmacy Provider in the Country By Prescription Revenue and Features an Investment Grade Credit Rating of BBB (S&P Global Ratings). The Property is Located in an Income Tax Free State and Provides an Investor With Depreciation Benefits Given the Building Lease Nature of the Asset. With New Third Party Reports From September 2020, This Investment is Perfect For a 1031 Buyer. This Deal Offers a Long-Term Secure Income Stream, Strong Credit a Pandemic and Recession Resistant Tenant. BEST IN CLASS INVESTMENT FEATURING STRONG YIELD DAILY NEEDS & NECESSITY BASED TENANT DOMINANT APOPKA (ORLANDO MSA) LOCATION In Cooperation With SIG RE Services, LLC Lic. # CQ1055229 View Similar Investment Opportunities Read AdditionalThought Leadership ContentFrom SIG, Specializing in Absolute Triple Net Lease Opportunities Highlights Tenant: CVS Pharmacy | Apopka, FL Renewal options: 5 x 5 Years Lease expiration: 11/30/2040 Lease type: Absolute NNN Rental increases: 5% at Option Periods Over 18 Years Remaining on Base Term of the Lease Corporate Guaranteed Lease Featuring Investment Grade Credit (BBB S&P Global) / (Baa2 Moodys) Absolute NNN With Zero Landlord Responsibilities With Depreciation Benefits Rare 5% Rental Increase at Each of the 5 (5 Year) Option Periods Provides Hedge Against Inflation CVS Recently Remodelled Location to Update to the New Prototype Featuring a CVS Health Hub CVS Elected to Sign a New 20 Year Lease Prior to Their Option Period Demonstrating Their Confidence in This Location New 3rd Party Reports as of September 2020 Providing For Ease of Transaction Perfect For a 1031 Exchange Buyer Double Lane Drive-Thru Prototype Building Situated on Over 1.6 Acres of Land Tenant Has Remained Open and Paying Rent Throughout the COVID-19 Pandemic CVS Pharmacy is the Top Drug Store in the Country Based on Prescription Drug Revenue Holding Nearly 25% of the Prescription Drug Market Drug Stores Provide a Daily Needs For Consumers Making the Property Pandemic and Recession Resistant Strong Traffic Counts Over 77,740 Vehicles Per Day Combined at the intersection of Main St and S Park Ave Affluent Trade Area Average Household Income Over $86,844 Within a 5-Mile Radius Dense Population Base Over 134,195 People Within 5-Miles Income Tax Free State Offering Additional Future Residual Value Located Within the Orlando MSA 3rd Largest in Florida With a Population Estimated at Over 2.6 Million Residents

Contact

Broker or Owner Contact
Charlie Avery
,
Phone: (310) 853-1353
cavery@signnn.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 727
Building Size 10908
Site Size (acres)
Zoning
Year Built
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 7115000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.673787
Longitude -81.5099654
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider