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CVS | 15+yrs Remaining Corp Abs NNN 4475 San Juan Ave

15,143 SF Retail Building Jacksonville, FL 32210 $11,899,000 ($786/SF) 5.25% Cap Rate

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Investment Highlights

Over 15 Years Remaining | Options To Extend | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB)
Across From Grocery Anchored Center | Strong National/Credit Tenant Presence
Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard Corner Intersection | Drive-Thru Equipped |Excellent Visibility Along Both Cross-Streets

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: BBB), corporate guaranteed, CVS Pharmacy investment property located in Jacksonville, FL. The tenant has over 15 years remaining in their initial term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed by CVS Caremark Corporation and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across the United States and Puerto Rico.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

15,143 SF

Building Class

Year Built

2011

Price

$11,899,000

Price Per SF

$786

Cap Rate

5.25%

NOI

$624,684

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Land Acres

1.42 AC

Zoning

Commercial

Parking

67 Spaces (4.42 Spaces per 1,000 SF Leased)

Frontage

293 FT on Roosevelt Blvd

Amenities

Corner Lot
Pylon Sign

Signalized Intersection

Drive Thru

Monument Signage

MAJOR TENANTS

Retailer
15,143 SF
-
Triple Net
Jan 2037

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.