CVS 327 NE Us Hwy 19 10,908 SF Retail Building Crystal River, FL 34428 $5,479,167 ($502.31/SF)

The eXp Commercial team is pleased to present this exceptional absolute NNN leased CVS Pharmacy located at the signalized hard corner intersection of U.S. Highway 19 and State Road 44 in Crystal River, Florida. CVS has successfully operated at this location for more than 20 years and recently exercised a five-year lease renewal option extending the current lease term through January 2029, demonstrating continued long-term commitment to the site and market.
Recent operating reports indicate approximately $12.6 million in annual net sales, reinforcing the location's strong operating performance and strategic importance within CVS's national store network.
The property consists of an approximately 10,908-square-foot freestanding retail building situated on approximately 1.79 acres within one of Crystal River's highest-trafficked commercial corridors. The intersection benefits from exposure to approximately 62,000 vehicles per day and serves as a primary retail, healthcare, and commuter corridor throughout Citrus County.
Following the lease renewal, CVS completed significant capital improvements during 2024, including pharmacy expansion, ADA accessibility upgrades, pedestrian connectivity enhancements, sidewalk improvements, and additional site modernization efforts. These investments further demonstrate the tenant's long-term commitment to the location and confidence in the continued growth of the Crystal River market.
The asset offers investors stable passive income backed by an investment-grade tenant, minimal landlord responsibilities under the absolute NNN lease structure, and long-term upside supported by population growth, infrastructure investment, tourism demand, and continued commercial development throughout Florida's Nature Coast region.