Just Listed! CVS Pharmacy in Daytona Beach, Florida

Just Listed! CVS Pharmacy in Daytona Beach, Florida

Investment Highlights:

■ Lease Guaranteed by Holiday CVS, LLC
■ CVS is Strategically Positioned on the Corner of West
International Speedway Boulevard, Daytona Beach’s Premier
Tourism Thoroughfare
■ Approximately Three Miles East of the Daytona International
Speedway | Home of the Daytona 500 Hosting on Average
100,000 Fans
■ Under Three Miles from Daytona Beach International Airport |
Serves 728,681 Passengers Annually (2019)
■ Dense Retail Corridor | 4.7M Square Feet of Retail Within
1-Mile
■ Coastal Destination | 120,873 Residents within 5-Miles
■ Daytona Beach has Grown 8% in Population Since 2010
■ Three Colleges Within Three Miles of the Subject Property |
Combined Enrollment of Over 30,000 Students
■ Drive Thru Pharmacy
■ Florida is a ‘No Income Tax’ State

Investment Overview:

Marcus & Millichap is pleased to present for sale this freestanding,
single-tenant CVS located in Daytona Beach, Florida. This CVS is a fee
simple lease with two and one-half years remaining on the base term
and include three, five-year option periods. This is an ideal passive
investment opportunity with limited landlord responsibilities being
offered at 6.20 percent capitalization rate.
CVS consists of a 10,908 square foot retail space with ample parking on
a large 1.61-acre parcel. CVS is strategically located at the signalized,
hard corner of Ridgewood Avenue and International Speedway Boulevard

with a combined traffic count of 54,500 vehicles per day. Within a five-
mile radius there are over 120,873 residents with an average household

income of $50,816.
The subject property is just across the bridge from the ‘World’s Most
Famous Beach’ one mile to the east and to the west is Interstate 95
(155,000 VPD), Daytona Beach International Airport and Daytona
International Speedway. Within a few miles of the CVS include Halifax
Health, a 678-bed oncology center, Trader Joe’s 640,000 square foot
corporate office, a 68,000 square foot Amazon distribution center,
Tanger Outlets (350,000 square feet), Latitude Margaritaville (3,400
home 55+ community), and One Daytona (300,000 square foot center
with a Marriott hotel). National and Regional retailers in the immediate
area include Walgreens, Wawa, Popeyes, Burger King, Family Dollar,
Speedway, Best Buy, PetSmart, Checkers, Save-A-Lot, Dunkin’,
Starbucks, Wendy’s and Pollo Tropical to name a few.
CVS is one of the nation’s largest leading drugstore chains with over
9,900 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.

 

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