1701 N University Dr
Pembroke Pines, FL 33024
Low Rent CVS · Retail Property For Sale

Marcus & Millichap is pleased to exclusively market this 2001 construction CVS single-tenant investment opportunity located at 1701 North University Drive in Pembroke Pines, Florida. The property consists of 12,512 square feet of building space that sits on 1.55 acres of land. The corner property has six years remaining on an original 22 year lease. The lease has base rental increases during the term and and continuing in each option period. The property has easy access and great signage visibility from busy North University Drive and Taft Street. The CVS Pembroke pines is strategically located in the heart of Southeast Florida in Broward County. The site is located on the hard corner of North University Drive and Taft Street, a very busy intersection within a dense suburban residential community. The intersection has daily traffic counts of over 60,000 Cars and is just a few minutes west of Florida’s Turnpike. The CVS is also just south of the Memorial Pembroke Hospital well. This location benefits from access points on both University Drive and Taft Street and has a strong parking ratio on the 1.55 Acre site. The city of Pembroke Pines has over 160,000 residents, making it the second-most populous city in Broward County and the 11th most populated City in the State of Florida. There are also over 400,000 people in the general area living within 5 miles of the CVS Property. This is an exceptional investment opportunity for a Buyer looking for corporate guaranteed income in a dense South Florida location.