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1200 N State Road 7
Margate, FL 33063
CVS Pharmacy (Fort Lauderdale MSA) · Retail Property For Sale
Investment Highlights
- Long-Term Tenant, in Place for Over 20 Years and Recently Exercised Their First Option With Rent Bump
- Three, Five-Year Tenant Renewal Options With Rent Increases in Each Option Period
- Dense Population; Over 165,000 Within Three Miles of Subject Property, and Nearly 400,000 in Five Miles
- Corporate Guaranteed, Triple Net (NNN) Lease
- Excellent Access and Visibility from Signalized Intersection of State Road 7 and Coconut Creek Pkwy – Combined Daily Traffic Count of 75,000+ VPD
- Thousands of Apartment and Condo Units Within Two Miles of the Subject Property
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,050 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.71 AC
Zoning
TOC-G - Community Business District
Parking
62 Spaces (4.75 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 48-42-31-15-0012 | Improvements Assessment | $3,160,280 |
| Land Assessment | $1,361,820 | Total Assessment | $4,522,100 |
Property Taxes
Parcel Number
48-42-31-15-0012
Land Assessment
$1,361,820
Improvements Assessment
$3,160,280
Total Assessment
$4,522,100
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