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- LoopNet Team
1200 N State Road 7
Margate, FL 33063
CVS Miami-Fort Lauderdale MSA | NNN | 6.4 CAP · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
ABOUT 1200 N STATE ROAD 7 , MARGATE, FL 33063
Pharma Property Group is pleased to present the opportunity to purchase a CVS with approximately five years remaining on the lease. Income is guaranteed by CVS Corporate (S&P BBB+, NASDAQ CVS) and is an absolute net leased asset with no landlord responsibilities whatsoever. The subject property is located within the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area. The subject property is located at the signalized corner of North State Road 7, also known as US Highway 441 and Coconut Creek Parkway. The Florida Turnpike is approximately two miles northwest of the subject property. Margate is a city located in Broward County approximately 16 miles north of Ft. Lauderdale and 40 miles north of Miami. Miami is the 6th most densely populated city in the United States and has a diverse economy with a GMP of approximately $257 Billion, 20th in the world and 11th in the United States. Margate is part of the Miami Metropolitan Area which is the country's 7th largest MSA with approximately 6 million residents.
PROPERTY TAXES
| Parcel Number | 48-42-31-15-0012 | Improvements Assessment | $2,746,050 |
| Land Assessment | $1,361,820 | Total Assessment | $4,107,870 |
PROPERTY TAXES
