5825 20th St
Vero Beach, FL 32966
CVS: Vero Beach, FL · Retail Property For Sale

The CBRE Net Lease Property group is pleased to exclusively offer an 11,200-square-foot freestanding CVS situated on 1.43 acres in Vero Beach, Florida (MSA Population: 147,919). Built in 1998, CVS' s absolute NNN lease has just over 1 year of primary term remaining with four 5-year options to renew and rent escalations of ±$0.50 PSF every 5 years throughout the term. The property is ideally located on a hard corner at the signalized intersection of 20th Street and Kings Highway (Combined Traffic Count: 50,700 VPD), just 4 miles east of Interstate 95 (43,500 VPD). All four corners of the immediate intersection are densely developed, amounting to more than 1.5 MSF of retail. CVS is an outparcel to a Home Depot-anchored center and across Kings Highway from a shopping center anchored by Sam' s Club and a Walmart Supercenter; across 20th Street from CVS is the 390,497 square foot Indian River Square shopping center anchored by Target, Bealls, and Office Depot and diagonally across from CVS is a shopping center anchored by Publix and Bealls Outlet. The site is also positioned 0.8 miles east of the 737,000-square foot Indian River Mall (Anchors: JC Penney, Macy' s, Sears, AMC Theaters and Dillard' s). In all, there are more than 2.7 MSF of retail within a 3-mile radius.