CVS Pharmacy Absolute NNN | Large Parcel | Orlando

3212 Curry Ford Rd, Orlando, FL 32806, USA
$6,889,915

Description

Marcus & Millichap is pleased to present for sale this Net Leased CVS located at 3212 Curry Ford Road in Orlando, Florida. The subject property consists of a free-standing building comprised of
13,824 square feet of retail space and is situated on a large 1.86- acre parcel of land.
Strategically located on the Hard-Signalized Intersection of Curry Ford Road and Crystal Lake Drive, the property is highly visible to more than 59,839 vehicles per day. It is also within minutes of
Downtown Orlando, one of the strongest retail markets in the nation. This infill location benefits from superb demographics including over 277,000 full time residents in the immediate area with an average household income exceeding $75,000. The trade area is home to a number of National and Regional retailers including Winn-Dixie, Walgreens, Publix, Checkers, McDonald’s, WAWA, and numerous others.
CVS executed a 20-Year Absolute Net-Lease with Zero Landlord Responsibilities when originally built in 2004 and has three years of initial term remaining with four options to extend for five years each, including increases in each of the option periods.
CVS is one of the nation’s largest leading drugstore chains with over 9,600 stores in 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products, and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs Retail stores and online through CVS. com. It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers. Most of these clinics are located within CVS stores.

  • Absolute NNN | Zero Landlord Responsibility
  • Hard Signalized Corner with Great Visibility | Visible to More than 59,000 Vehicles/Day
  • Minutes from Several Regional Medical Centers and Hospitals
  • Strong Demographics | 277,000+ Full Time Residents in Trade Area
  • Large 1.86 Acre Parcel
  • Drive Thru Pharmacy
  • Florida is a No Income Tax Free State

Property Documents

  • City: Orlando
  • State/county: Florida
  • Zip/Postal Code: 32806
  • Country: United States

Detail

  • Price: $6,889,915
  • Year Built: 2004

Additional details

  • CAP RATE: 5.90%
  • NOI: $406,505

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