Historical Retail Sale Listing - CVS (Former Eckerd)

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CVS (Former Eckerd)

Racetrack Rd & Flora Branch Blvd., Jacksonville, FL 32259

N/A

13,813 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
13,813 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Retail (Other)
Property Use Type:
Investment
Cap Rate:
6.75%
Occupancy:
100%
Tenancy:
Single
Year Built:
2004
Lot Size:
2.59 AC
Listing ID
13993263
Last Updated
over 1 year ago

Highlights

  • Average HHI within 1 mile radius $99,232
  • Surrounded by master plan residential community

Description

* 1200 Eckerds were purchased by CVS in July 2004. These are to be known as the "CVS 1200". * Eckerd leases will remain in full force and effect and will be guaranteed by the CVS 1200 entity. * CVS is the largest drug store retailer in the country as of July 2004, operating more than 5000 stores in 36 states and DC. * CVS is publicly traded (NYSE: CVS) with annual reported sales for 2003 (mil) $26,588.0 and annual sales growth of 10%.

The subject property is located at the SWC of Racetrack Road & Flora Branch Boulevard in Jacksonville, FL. The subject property is located directly across from Julington Creek Plantation which is a 4200 acre community of affluent single family homes in the $200's-$1 million plus range located approximately 30 minutes outside of downtown Jacksonville. Last year alone over 800 families moved into the Julington Creek Plantation. The area also boasts an Aquatic Center, a public library, picnic & park areas, playgrounds, tennis courts as well as volleyball & basketball courts, over 100 acres of lakes, an 18 hole golf course, 1200 acres of nature preserve, 7 miles of bike and jogging trails and 10 soccer & baseball fields. A brand new Publix is being built directly east of the subject property.

Map of Jacksonville, FL, 32259 - exact location not found

Research for Racetrack Rd & Flora Branch Blvd., Jacksonville, FL 32259 (Saint Johns County)

Created 8/18/2004