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CVS - Miami (Hialeah) FL 845 E Okeechobee Rd 17,688 SF Retail Building Hialeah, FL 33010 $23,300,000 ($1,317.28/SF) 5.65% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease | Options To Extend | 20-Year Lease w/ 6 (5-Year) Options
- Signalized Intersection | Located at The Gateway to Hialeah | Surrounding Hotels/Retailers | Heavily Trafficked Corridors
- Absolute NNN | Fee Simple Ownership | No State Income Tax |Zero Landlord Responsibilities
- Dense Demographics 5-Mile Trade Area | Multi-Cultural Presence
Executive Summary
• Brand new 20-year lease with 6 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option period
• Signed lease by Holiday CVS, LLC dba Navarro, who were the nation’s largest Hispanic-owned drugstore chain until CVS acquired them in 2014
• Corporate guaranty from CVS Health Corporation
• The lease features 10% rental increases at the beginning of each option period
• Signed lease by Holiday CVS, LLC dba Navarro, who were the nation’s largest Hispanic-owned drugstore chain until CVS acquired them in 2014
• Corporate guaranty from CVS Health Corporation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,688 SF
Building Class
B
Year Built
2025
Price
$23,300,000
Price Per SF
$1,317.28
Cap Rate
5.65%
NOI
$1,316,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.18 AC
Zoning
C-2 & C-3 - Commercial
Parking
55 Spaces (3.11 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-3120-024-0130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,262,095 |
Property Taxes
Parcel Number
04-3120-024-0130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,262,095
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CVS - Miami (Hialeah) FL | 845 E Okeechobee Rd
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