3400 Hollywood Blvd
Hollywood, FL 33021
CVS: Hollywood, FL · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 13,165-square-foot freestanding CVS ground lease situated on 1.57 acres in Hollywood, Florida, which is a principal city in the Miami MSA (Population: 6.06 Million), just 10 miles south of Fort Lauderdale and 20 miles north of Miami' s CBD. Upon completion of construction (Estimate: September 2017), CVS' s new 25-years NNN lease will commence and will include five 5-year renewal options with 10% rent increase in each option. The property is ideally situated on a hard corner at the signalized intersection of Hollywood Boulevard and Park Road (Combined Traffic Count: 61,600 VPD) just 0.6 miles from I-95 (Traffic Count: 306,000 VPD). CVS is also an outparcel to Venture Corporate Center a 286,729-sqaure-foot office park. The other three corners of the immediate intersection are occupied by the headquarters for the Hollywood Police Department, a mixed use asset anchored by Wells Fargo and a strip center which is an outparcel to 367,000-square foot Hollywood Hills Plaza (Anchors: Target and Publix). The site is also at the center of the area' s primary retail and commercial corridor with 9.9 MSF of retail, 12.3 MSF of industrial, 6.2 MSF of office and 20,113 multifamily units within a 3-mile radius.