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8361 Century Blvd
Century, FL 32535

$1,987,000 USD

Drugstore For Sale  •  8,500 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 9,212 SF
  • Lot Size 1.45 AC
  • Building Class C
  • Year Built 1986
  • Cap Rate 3.80 %
  • Tenancy Single
  • Zoning INCORP
0 Transit Score
30 Walk Score

Highlights

Nearly 40-year tenancy with a 10-year lease extension, expiring May 31, 2036
Below-replacement-cost base rent of $72,504/yr ($8.53/SF) with significant downside protection
$7.17M+ in store sales generating $70,061 in percentage rent annually
Corporately guaranteed by Holiday CVS, L.L.C., backed by CVS Health Corporation
NN+ lease structure with landlord responsibilities limited to roof and structure
Located in Florida, an income tax-free state and highly sought-after investment market
Cap Rate: 3.80 %

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Princeton Douglass 813-725-2182 Matthews™
Princeton Douglass 813-725-2182 Matthews™