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Investment Highlights

  • In May 2026, CVS exercised its 5-year renewal option at increased rent, demonstrating its continued commitment to this location.
  • Absolute net lease with zero landlord responsibilities and 22+ year operating history.
  • Dense retail presence with over 1.8 million square feet of retail space within a 1-mile radius.
  • High traffic intersection with combined traffic counts of ±52,800 vehicles per day.
  • In-fill Florida location with over 116,000 Residents in a 5-mile radius.
  • Within 1 mile of Avra at Metropolitan, a brand-new 15-story luxury condominium development featuring 56 units.

Executive Summary

Pharma Property Group is pleased to market for sale the CVS property located at 2515 Shadowlawn Drive in Naples, Florida (the "Property"). CVS has had a long successful operating history at this location for over 22 years and is on an absolute net lease with no landlord responsibilities whatsoever and the lease features ±5% rental increases every 5 years. In May 2026, CVS exercised its 5-year renewal option at increased rent, demonstrating its continued commitment to this location and providing an investor a firm 6 years of guaranteed lease term.
This CVS is located the hard corner of Tamiami Trail (U.S. 41), a main east/west thoroughfare leading from Naples to Miami and Shadowlawn Drive with combined daily traffic counts of approximately 53,000 vehicles per day. One half mile to the southwest is the Collier County Government Center, a 45 Acre campus with nearly 3,000 employees offering a variety of services including Human Resources, Motor Vehicle, and Tax Services. Directly across Tamiami Trail is Gulf Gate Plaza, a 206,785 square foot shopping center with national retail tenants including Beall’s, Family Dollar and McDonald's.
Downtown Naples is located just over 2 miles to the west and is the main tourist destination in the area, drawing in over 1 Million visitors annually. This CVS serves over 26,000 households in the immediate 3-mile radius with over 57,000 residents.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, FL DRE Lic. BK3327646.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
13,013 SF
Building Class
B
Year Built
2004
Price
$7,627,148
Price Per SF
$586.12
Cap Rate
6.25%
NOI
$476,728
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.76 AC
Zoning
PUD
Parking
57 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
325’ on Shadowlawn

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signalized Intersection
  • Drive Thru
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Planet Fitness
Key Food
Fifth Third Bank
Sunbelt Rentals
Truist
Starbucks
IHOP
Olive Garden
Rent-A-Center
Club Pilates

Property Taxes

Property Taxes

Parcel Number
73280680002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,637,031
  • Listing ID: 40778732

  • Date on Market: 6/3/2026

  • Last Updated:

  • Address: 2515 Shadowlawn Dr, Naples, FL 34112

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