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CVS Pharmacy 1390 S Jefferson St 13,800 SF Retail Building Monticello, FL 32344 $4,222,400 ($305.97/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

Strong Corporate Lease Guarantee | CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) – Only Investment Grade Pharmacy in the US
Attractive Absolute NNN Lease | Zero Landlord Responsibilities
Located Along the Main Corridor into Downtown Monticello | Directly Across From Winn-Dixie Grocery Anchored Center, Tractor Supply, O'Reilly Auto

Revenues of $357.8 Billion | Ranked #6 on Fortune 500
Zero Pharmacy Competition | No Other CVS or Walgreens within 21 Mile Radius
Located 30 Miles from Downtown Tallahassee & Tallahassee International Airport

EXECUTIVE SUMMARY

Lee & Associates, together with Bang Realty are pleased to present an exceptional investment opportunity featuring a CVS Pharmacy located in the heart of Monticello, FL. This high-performing property is backed by CVS Health, a Fortune 500 company and one of the largest and most respected pharmacy chains in the United States, offering stability and reliability for long-term returns. The property is secured by an absolute triple-net (NNN) lease, ensuring the tenant is responsible for all expenses, including property taxes, insurance, and maintenance, providing a true hands-off investment with predictable and stable income. Ideally positioned on a high-traffic corridor, the property benefits from excellent visibility and accessibility in a growing market. Monticello serves as a key hub in Jefferson County, supported by strong local demographics and a mix of residential and commercial development, driving consistent customer traffic to the property. With a strong national tenant, a secure lease structure, and a prime location, this CVS investment represents a rare and attractive opportunity for investors seeking long-term, passive income.

CVS, Monticello, FL

PROPERTY FACTS

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,800 SF

Building Class

Year Built

2007

Price

$4,222,400

Price Per SF

$305.97

Cap Rate

NOI

$295,568

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

3.81 AC

Opportunity Zone

Yes

Parking

40 Spaces (4.72 Spaces per 1,000 SF Leased)

Frontage

255’ on S Jefferson St

Signage

Drive Thru

Monument Signage

MAJOR TENANTS

Retailer
-
-
Triple Net
-

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE		LEASE END
	Retailer	-	-	Triple Net		-

1 1

MAP
TRAFFIC

PROPERTY TAXES

Parcel Numbers	Multiple 31-2N-5E-0000-0132-0000 31-2N-5E-0000-0133-0000	Improvements Assessment	$1,210,755
Land Assessment	$132,723	Total Assessment	$1,343,478