This property is Off-Market

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

13,813 SF · Retail For Sale

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CVS (Former Eckerd)

Price N/A Cap Rate 6.75%
Building Size 13,813 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type
Free Standing Bldg
More...
  • Retail (Other)
Year Built 2004
Property Use Type Investment Lot Size 2.59 AC
Listing ID: 13993263 Date Created: 08/18/2004 Last Updated: 03/10/2005

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.

Highlights

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

Research

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

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