CVS Pharmacy 25 Year Triple Net Lease 7575 Osceola Polk Line Road, Davenport, FL Cap Rate 5% Davenport ( Florida, US ) Built

$7,766,160 USD
Dollars

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  • Type: Commercial
  • Style: Commercial
  • Size: 12,955 sq. ft.
  • Development Level: Built
  • Lot Size: 1.45 acres
  • Year Built: 2005

Description

CVS Pharmacy 25 Year Triple Net Lease 7575 Osceola Polk Line Road, Davenport, FL Cap Rate 5%

Cap Rate: 5%
NOI: $388,308
Building Size: 12,955 sqft
Lot Area: 1.45 acres
Lease Type: Triple Net
Year Built: 2005
Price Per Sqft: $599.47
Zoning: Commercial

Price: $7,766,160 USD

DESCRIPTION
Subject property is a 12,955 square foot CVS located at 7575 Osceola Polk Line Road, Davenport, Florida. The building was built in 2005 and is situated on 1.45 acres. Signalized intersection location benefiting from 23,000 vehicles daily on Osceola Polk Line Road and S Lake Wilson Road. CVS has signed a corporate guaranteed 25-year triple net lease that commenced in 2005 leaving 12 years remaining on the initial lease term. Lease consists of three, five-year option periods with two percent rental increases in each period. Zero landlord responsibility.

Subject property is in a great location across a Publix Supermarket plaza and just one block away from Reunion, a resort neighborhood and a master-planned community. The resort represents an upscale vacation community for residents and includes comprehensive leisure facilities, restaurants, clubhouse and 5-acre private water park. In addition, Reunion Resort is well-known for its three PGA golf courses designed by Jack Nicklaus, Tom Watson, and Arnold Palmer.

About one mile from site is Omni Resort at Champions Gate, The Fountains at Champions Gate, The Legends at Champions Gate Apartments, and Champions Gate Village with a Publix Super Market. Omni Orlando Resort at Champions Gate is the official hotel of the PGA Tour. The resort offers multiple dining outlets, 18-hole miniature gold and lighted 9-hole par 3, 36 holes of championship golf, 862 guestrooms and suites.

CVS Health is an American retailer and health care company. It is publicly traded on the New York Stock Exchange under the ticker symbol "CVS", has a current "BBB" credit rating by Standard & Poor's. CVS Health provides pharmacy services through its many stores. As of 2018, the Company operated more than 9,800 locations in 50 states, the District of Columbia, Puerto Rico and Brazil. CVS Health Corporation is chartered in Delaware and is headquartered in Woonsocket, Rhode Island. It became a public company following a merger with Melville Corporation on November 20, 1996. As of 2018, it ranked 7th in Fortune 500.

HIGHLIGHTS
• 25 Year Triple Net Lease with 12 Years Remaining on Initial Term
• Zero Landlord Responsibilities
• Three, Five-Year Options with two Percent Rental Increases
• CVS Acquired Aetna for $70 Billion. Aetna Inc. is one of the Nation’s Leading Diversified Health Care Benefits Companies with a Network that Stretches Across the Country / Globe.
Pro Forma CVS / Aetna Combined Annual Revenue is $221 Billion.
• Parent Company is Currently Ranked #7 on the Fortune 500. The CVS / Aetna Merger, will Create a Fortune #4 Company with More than $18 Billion in Pro Forma EBITDA. S&P
Investment Grade Credit Rating of “BBB”
• Situated at Signalized Hard Corner With Great Visibility
• Close Proximity to Reunion Resort and Country Club
• Located Across from Publix Super Market at Ovation Plaza and Surrounded by Numerous National Tenants Including: Wawa, Wells Fargo, McDonalds, Taco Bell, Tire Kingdom and
more
• Located one Mile From Omni Orlando Resort at Champions Gate, Villas at Champions Gate, The Fountains at hampions Gate, and The Legends at Champions Gate Apartments
• Located Twelve Miles South of Walt Disney World Res.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.