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3511 US Highway 19
New Port Richey, FL 34652 Beacon Square

$2,766,215 USD

Drugstore For Sale  •  10,092 SF

Property Details

• Property Type Drugstore
• Total Building Size 12,501 SF
• Lot Size 1 AC
• Building Class B
• Year Built 2004
• Cap Rate 6.50 %
• Tenancy Multiple
• Zoning C2

0 Transit Score

59 Walk Score

Highlights

Absolute NNN Lease Structure – CVS operates under an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities

Low Rent & Competitive Price Point – This location benefits from a low, replaceable rent of $14.38 PSF and a sub-$3 million price point.

Corporate Guarantee – Lease is corporately guaranteed by CVS Health (NASDAQ: CVS).

Hard-Corner Location on US Highway 19 – Positioned on a signalized hard corner along US-19 with ±65,000 combined vehicles per day

Dense Surrounding Population – The property is supported by 150,000+ residents within a 5-mile radius, driving consistent daily traffic

Florida Growth Market – Florida continues to benefit from strong in-migration trends, particularly from retirees, supported by no state income tax

Cap Rate:

6.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
CVS Pharmacy

Amenities

• Freeway Visibility
• Pylon Sign
• Signalized Intersection
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Tampa International	46 min	-	26.9 mi
St Pete-Clearwater International	46 min	-	27.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes