Expanding Retail Corridor | No Rent Holiday 7380 Davis Blvd 13,013 SF Retail Building Naples, FL 34104 $7,499,816 ($576.33/SF) 6% Cap Rate

Pharma Property Group is pleased to market for sale the CVS property located at 7380 Davis Boulevard in Naples, Florida (the "Property"). CVS has had a long successful operating history at this location for over 15 years and the lease features ±5% rental increases every 5 years.
The Property is strategically positioned within a growing retail corridor where several new commercial developments, including Wawa, McDonald's, AutoZone, and Whole Foods, are planned or under development in the immediate area. Situated on a highly visible signalized hard corner, the Property benefits from exposure to more than 54,000 vehicles per day.
The surrounding trade area continues to experience strong demographic growth, with the population within a 3-mile radius increasing nearly 15% over the past five years and projected to grow an additional 1.8% annually through 2030. This CVS serves an affluent and expanding customer base, supported by average household incomes exceeding $96,000 and a population of more than 66,000 residents within 3 miles.
Further enhancing the Property's long-term outlook, the immediate area is undergoing significant residential expansion, with numerous multifamily and single-family housing developments recently completed, under construction, or planned. These projects are expected to introduce hundreds of new housing units, further increasing consumer demand and reinforcing the Property's position within the Naples' market.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, FL DRE Lic. BK3327646.