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CVS 5606 Post Oak Blvd 13,116 SF Retail Building Wesley Chapel, FL 33544 $4,804,800 ($366.33/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease with Minimal Landlord Responsibilities - The lease is absolute triple net, with all expenses, including taxes, insurance, and main
- Strategic Location in a High-Growth Market- Located in Wesley Chapel, one of the fastest-growing suburbs in the Tampa MSA, the property benefits from
- Strong Corporate Tenant – The lease is backed by a corporate guarantee, CVS Pharmacy, providing investors with long-term income security
- Attractive Rental Increases- The lease includes 10% rental increases at the beginning of each 5-year renewal option period, offering built-in income g
EXECUTIVE SUMMARY
High Performing Long Term NNN CVS Investment Property
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,116 SF
Building Class
C
Year Built
2008
Price
$4,804,800
Price Per SF
$366.33
Cap Rate
6.50%
NOI
$312,312
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.02 AC
Zoning
C2 - C-2 (General Commercial)
Parking
70 Spaces (5.34 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-26-19-0000-00400-0080 | Improvements Assessment | $1,190,346 |
| Land Assessment | $994,070 | Total Assessment | $2,184,416 |
PROPERTY TAXES
Parcel Number
12-26-19-0000-00400-0080
Land Assessment
$994,070
Improvements Assessment
$1,190,346
Total Assessment
$2,184,416
CONTACTS
-
Jay Gomez -
Kyle Kaye -
Arthur Flores -
James Kaye -
Jack Beritzhoff -
James Garner -
CBRE, Inc.
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CVS | 5606 Post Oak Blvd
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