Historical Retail Sale Listing - CVS

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CVS

Laurel Rd & Knights Trail Rd off I-75 at exit 95, North Venice, FL 34275

N/A

12,800 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
12,800 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
6%
Occupancy:
100%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2009
Lot Size:
1.70 AC
Listing ID
16139025
Last Updated
over 1 year ago

Highlights

  • 25 Years left on Triple Net Lease with 5 - 5 year renewals

Description

Brand new absolute triple net 25-year lease with five/5 year renewals. Cvs/Caremark has approved the architectural drawings and signed the lease. The drugstore is in operation. The 1st lease payment was recieved Sept'09 and will continue monthly for the life of the 25 year lease (with 5 - 5 year renewal options). Excellent bank financing available. Sarasota Memorial Hospital has purchased 64 acres 1/2 mile away for their new facility with construction to begin soon. The county has installed a traffic signal as well as completed a road widening project to accomodate this rapidly developiong area. This property includes a 2.3 acre parcel adjacent to this CVS site that is cleared and ready for developement for an additional $700,000. These two properties MUST be sold TOGETHER.

Strategically located on Laurel Road across from from a brand new strip center at I-75 and exit 95 between Venice and Nokomis in rapidly growing Sarasota County. I-75 is the regions major North/South artery and Laurel Rd is a major East/West artery connecting the city of Venice with the East County area.

Map of Laurel Rd & Knights Trail Rd off I-75 at exit 95, North Venice, FL 34275 (Sarasota County)

Research for Laurel Rd & Knights Trail Rd off I-75 at exit 95, North Venice, FL 34275 (Sarasota County)

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