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121 W Macclenny Ave
Macclenny, FL 32063
CVS · Retail Property For Sale
Investment Highlights
- ?Established Tenant: 20+ Year Operating History
- ?Rent Holiday last 3 years of Lease
- ?HealthHUB? and MinuteClinic
- ?Zero Landlord Responsibilities?
- ?Income Tax Free State?
- Positioned within a high-traffic retail trade area proximate to major national brands including Target, Walmart, Home Depot, Tractor Supply, and quick
Executive Summary
The Landes Group is pleased to present the exclusive opportunity to acquire a CVS Pharmacy in Macclenny, Florida. Strategically positioned within the growing Baker County market, the property is located approximately 30 miles west of downtown Jacksonville and sits at the heart of the region’s primary commercial activity. Situated at the signalized intersection of West Macclenny Avenue (US-90) and South 6th Street (SR-121), the site benefits from exceptional visibility and prominent local traffic. This location has a proven track record, with CVS successfully operating at this site since 2005. The property features an upgraded MinuteClinic concept, cementing its status as a vital community staple. The current lease term runs through 2031. This investment features an Absolute NNN lease structure in an income tax-free state, where the tenant is responsible for all maintenance, taxes, insurance, and repairs. This offering provides an investor with a truly passive, "hands-off" asset with zero landlord responsibilities, backed by a premier national credit tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,252 SF
Building Class
B
Year Built
2004
Price
$3,220,262
Price Per SF
$243.00
Cap Rate
7.25%
NOI
$233,469
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.82 AC
Parking
10 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 32-2S-22-0049-0026-0190 | Improvements Assessment | $1,084,283 |
| Land Assessment | $744,493 | Total Assessment | $1,828,776 |
Property Taxes
Parcel Number
32-2S-22-0049-0026-0190
Land Assessment
$744,493
Improvements Assessment
$1,084,283
Total Assessment
$1,828,776
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