Le Jeune Rd & E 25th Street
Miami, FL 33013
CVS Pharmacy - DBA Navarro · Retail Property For Sale

Blue Water RE, LLC is pleased to exclusively market for sale a single tenant net ground leased Navarro / CVS Health located in Hialeah, Florida. The property is positioned at the signalized intersection of a four-way juncture along the primary thoroughfare in the area. Navarro features a drive-thru with ample parking and has excellent visibility. This is a brand new unit scheduled to open in the fourth quarter of 2019. This is an absolute 20 year triple net ground lease and features a seven 5-year renewal option periods. CVS Health is an investment grade rated company (S&P: BBB+) and publicly traded on the New York Stock Exchange using symbol “CVS”. The 18,700 square foot building is located on a four-way signalized intersection with traffic counts in excess of 55,000 vehicles per day. Retailers in the immediate area include McDonald’s, Burger King, Winn Dixie/Fresco Y Mas, CVS Y Mas, Publix and Family Dollar. The property is also located across the street from Hialeah Hospital with close to 400 beds and close proximity to the Metrorail station with over 1,400 riders every day. The property is on the middle of a very dense residential area, local businesses and schools. There are over 178,000 people living within a three mile radius of the property. Navarro rent commenced in April of 2019 and the lease expires in March 31, 2039 and features seven 5-year renewal option periods. CVS Health is the nation’s largest drugstore chain operating more than 9,900 locations in 49 states, the District of Columbia, Puerto Rico and Brazil. CVS Health also has a market cap of $85 billion dollars and they just finalized the acquisition of Aetna Insurance pushing forward revenue to a projected $180 billion dollars for 2019.