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10001 Sheridan St

Hollywood, FL 33024

$13,645,800

Drugstore For Sale  •  14,593 Sq Ft

Property Details

  • Property Type Drugstore
  • Total Building Size 14,593 Sq Ft
  • Lot Size 1.98 ac
  • Building Class C
  • Year Built 2011
  • Cap Rate 4.80 %
  • Tenancy Single
0 Transit Score
21 Walk Score

Description

Marcus & Millichap is pleased to present this single-tenant net-leased retail property for sale. Property is leased to CVS Pharmacy. Property located on a highly visible hard corner location. Approximately 16.5 years remain on the lease. There are six 5-year renewal options with increases. CVS carries a S&P BBB+ Investment Grade credit rating. This property was built in 2011 and at that time CVS signed a 25-year NNN lease. Subject property is surrounded by residential rooftops. Cooper City is known for its exceptional schools, strong sense of community and excellent recreational facilities. Cooper City High School is ranked among the top 10% of schools in America. The property is located approximately 30 minutes to Miami Airport and 50 minutes to Miami Beach.

Highlights

CVS Pharmacy - Original 25-Year NNN Lease
Highly Visible Hard Corner Location
CVS Carries a S&P BBB+ Investment Grade Credit Rating
Cap Rate: 4.80 %

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy 14,593 SF 1/31/2036

Public Transportation

Commuter RailDriveWalkDistance
Sheridan Street Commuter Rail (Tri-County Commuter) 16 min - 7.6 mi
Hollywood Commuter Rail (Tri-County Commuter) 18 min - 9.2 mi
AirportDriveWalkDistance
Fort Lauderdale–Hollywood International Airport 21 min - 10.2 mi
Miami International Airport 39 min - 24.8 mi
Dan Danielak 310-909-2312 Marcus & Millichap
Dan Danielak 310-909-2312 Marcus & Millichap