CVS 1037 Main St 12,927 SF Retail Building Chipley, FL 32428 $3,457,007 ($267.43/SF) 7.35% Cap Rate
EXECUTIVE SUMMARY
This freestanding CVS is located at the hard corner (NEC) of Main Street and South Boulevard in Chipley, Florida. Chipley is a neighborhood community in fast growing Washington County in the Florida Panhandle, along the I-10 corridor between Tallahassee and Pensacola. The property itself is located directly on US Highway 77 (Main Street), a prominent north/south route with 19,500 VPD at the intersection with South Boulevard. CVS opened in 2011 and occupies an attractive, modern freestanding prototype building with a 2-lane attached drive-thru facility and ample customer parking.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,927 SF
Building Class
C
Year Built
2010
Price
$3,457,007
Price Per SF
$267.43
Cap Rate
7.35%
NOI
$254,090
Tenancy
Single
Building Height
1 Story
Building FAR
0.81
Lot Size
0.37 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00000000-00-1856-0000 | Improvements Assessment | $709,886 |
| Land Assessment | $148,983 | Total Assessment | $858,869 |
