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CVS 301 S 6th Ave 13,325 SF Retail Building Wauchula, FL 33873 $2,362,000 ($177.26/SF) 8.75% Cap Rate
Investment Highlights
- CVS Corporate Guarantee Leases | CVS Health Corporation (NYSE: CVS)
- Absolute NNN Leases | Zero Landlord Responsibility
- South Florida Community College (2,710 Enrolled Students) is Located Nearby this CVS Property
- High Yield Leasehold Opportunity
- CVS Pharmacy Store Located at 301 S. 6th Avenue in Wauchula, Florida (Population 4,900) and The County Seat of Hardee County, Florida
- Florida Is a No Income Tax State
Executive Summary
Marcus & Millichap is pleased to present for sale this CVS Pharmacy Store located at 301 S. 6th Avenue in Wauchula, Florida (Population 4,900) and the County Seat of Hardee County, Florida. Wauchula is known as the “Cucumber capital of the world.” This is the opportunity to purchase the leasehold or “building” under an absolute NNN lease.
Numerous apartment complexes surround this CVS Pharmacy including Valencia Gardens Apartments, Country Walk Apartments, Chatham Pointe Senior Apartments, The Palms Apartments, Wauchula Gardens Apartments and Forest Glade Apartments.
South Florida Community College (2,710 Enrolled Students) is located nearby this CVS Pharmacy property.
CVS Health Corporation is a leading healthcare solutions company headquartered in Woonsocket, Rhode Island and founded in 1963. It is a Fortune 500 Company with over 9,000 retail pharmacies, 1,100 plus walkin-clinics and a major pharmacy benefit manager (CVS Caremark) with Aetna health Insurance.
Numerous apartment complexes surround this CVS Pharmacy including Valencia Gardens Apartments, Country Walk Apartments, Chatham Pointe Senior Apartments, The Palms Apartments, Wauchula Gardens Apartments and Forest Glade Apartments.
South Florida Community College (2,710 Enrolled Students) is located nearby this CVS Pharmacy property.
CVS Health Corporation is a leading healthcare solutions company headquartered in Woonsocket, Rhode Island and founded in 1963. It is a Fortune 500 Company with over 9,000 retail pharmacies, 1,100 plus walkin-clinics and a major pharmacy benefit manager (CVS Caremark) with Aetna health Insurance.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,325 SF
Building Class
C
Year Built
2008
Price
$2,362,000
Price Per SF
$177.26
Cap Rate
8.75%
NOI
$206,692
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.45 AC
Zoning
C2
Parking
62 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0334-25-0200-00041-0001 | Improvements Assessment | $793,931 |
| Land Assessment | $220,759 | Total Assessment | $1,014,690 |
Property Taxes
Parcel Number
0334-25-0200-00041-0001
Land Assessment
$220,759
Improvements Assessment
$793,931
Total Assessment
$1,014,690
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CVS | 301 S 6th Ave
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