1899 Clint Moore Rd
Boca Raton, FL 33487
CVS Pharmacy · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a trophy CVS Pharmacy located in prestigious and highly affluent Boca Raton, Florida. CVS Pharmacy signed a triple-net lease that has over 12 years remaining that includes rare (2) 10-year options. The CVS offering also includes ideal 10% rent increases every five years in the option periods and is paying well below market rents. The investment presents an idea community for drug store patrons and offers a corporate guarantee from CVS Health Corporation, the largest pharmacy chain in the United States that has a Standard and Poor’s BBB Rating. The subject property is located in the busy hub of Boca Raton, on the signalized hard corner of Clint Moore Road and North Military Trail. Clint Moore Road and North Military Trail sees combined traffic counts of over 36,000 vehicles traveling per day. The subject property is located adjacent to Publix Market, near Chase Bank, SunTrust Bank, Bank of America, Starbucks, and a plethora of residential, apartment communities, country clubs, as well as beaches and parks. Boca Raton is one of the wealthiest communities in South Florida. Boca Raton is 43 miles north of Miami and is a principal city of the Miami metropolitan area, which is home to an estimated 6,012,331 people. Boca Raton, as a business center, experiences significant daytime population increases. Boca Raton is home to the main campus of Florida Atlantic University and the corporate headquarters of Office Depot, ADT, Lynn University and Cancer Treatment Centers of America. It is also home to the Evert Tennis Academy, owned by professional tennis player Chris Evert. Town Center Mall, an upscale shopping center in Central Boca Raton, is the largest indoor mall in Palm Beach County. Another major attraction to the area is Boca Raton's downtown, known as Mizner Park.