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CVS Pharmacy 4977 Co 466A Rd

14,856 SF Retail Building Wildwood, FL 34785 $11,315,600 ($762/SF) 5.25% Cap Rate

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Investment Highlights

Brand-New NNN Lease with Corporate Guaranty from CVS Health Corporation (NYSE: CVS; S&P: BBB)
Located in the Heart of The Villages | The Largest Single-Site Residential Real Estate Development in the U.S.
Orlando-Kissimmee, FL MSA Advantage | MSA Population: 2.8M+

Currently Under Construction | Expected Delivery Date is April 2024
Adjacent to the 95,694-Square-Foot Pinellas Plaza | Winn-Dixie, Walgreens, T-Mobile, The UPS Store, Subway, etc.
Located on the hard corner of Sumter County Rd 466A (17,300 VPD) & Powell Rd (10,600 VPD).

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 14,856-square-foot CVS Pharmacy located on 2.10 acres in Wildwood, Florida—part of the Orlando-Kissimmee, FL MSA (Population: 2.8M+). Currently under construction (expected commencement in April 2024), CVS’ brand-new NNN lease features 20 years of primary term and a corporate guaranty from CVS Health Corporation (NYSE: CVS; S&P: BBB). Additionally, the six, 5-year renewal options boast a 10% rent increase at the onset of each extension.