NNN Fee Simple CVS 4639 W 1st St 11,200 SF Retail Building Sanford, FL 32771 $4,250,000 ($379.46/SF) 7.09% Cap Rate

INVESTMENT HIGHLIGHTS

  • True NNN Fee Simple Lease
  • Densely Populated and Affluent Area
  • Orlando, FL MSA

EXECUTIVE SUMMARY

LOCATION - Traffic Light Regulated Hard Corner. Located on a Dense Retail Corridor with 35,000+ vehicles per day. Directly off of Interstate 4 which feeds directly into the heart of Orlando, servicing 77,000 vehicles per day.
DEMOGRAPHICS - Densely populated and affluent area with 124,000+ population and an average household income above $100,000. Census data shows year over year positive growth.
LEASE STRUCTURE - Fee Simple Triple Net Lease.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,200 SF
Building Class
B
Year Built
2000
Price
$4,250,000
Price Per SF
$379.46
Cap Rate
7.09%
NOI
$301,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.27 AC
Zoning
PD - Planned Development
Parking
80 Spaces (7.32 Spaces per 1,000 SF Leased)
Frontage
234’ on Rinehart Road

AMENITIES

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 11,200 SF
  • -
  • Triple Net
  • Oct 2030

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.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 11,200 SF - Triple Net Oct 2030

NEARBY MAJOR RETAILERS

Planet Fitness
Altitude Trampoline Park
TD Bank
Regions Bank
Texas Roadhouse
IHOP
Miller's Ale House
Steak ‘n Shake
Olive Garden
Carrabba’s Italian Grill

PROPERTY TAXES

  • Listing ID: 34901004

  • Date on Market: 2/21/2025

  • Last Updated:

  • Address: 4639 W 1st St, Sanford, FL 32771