Extremely Rare CVS 8,800,000 Store Sales 1596 Florida A1A, Satellite Beach, FL Cap Rate 4.85% Satellite Beach Isles (Satellite Beach, Florida, US ) Built

$4,539,988 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

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  • Type: Commercial
  • Style: Commercial
  • Size: 10,908 sq. ft.
  • Development Level: Built
  • Lot Size: 1.39 acres
  • Year Built: 2000

Description

Extremely Rare CVS 8,800,000 Store Sales 1596 Florida A1A, Satellite Beach, FL Cap Rate 4.85%

Cap Rate: 4.85%
NOI: $222,000
Building Size: 10,908 sqft
Lot Area: 1.39 acres
Year Built: 2000
Tenancy: Single
Lease Expire Year: 6/1/2038

Price: $4,539,988 USD

DESCRIPTION
We are pleased to present this opportunity to purchase this CVS Pharmacy (NASDAQ: CVS) located at 1596 Florida A1A, Satellite Beach FL 32937. This prime real estate is located off Florida Highway A1A with approx. 24,000+ VPD. This store is the only CVS in the city ( one of the few retail stores in town), is on a hard corner with a drive thru, approx. $8,800,000 + in store sales. CVS signed a new 20 year lease in July 2018 showing CVS’s strong commitment to this location.
Satellite Beach is a coastal city situated in Brevard County, Florida with the Atlantic Ocean to the East and Indian River to the West. With both ocean and river frontage, Satellite Beach is the largest beachside community in Brevard County. The city has several parks, recreational facilities and natural landscapes. Their biggest industry is biometric security systems that generates $1.5 billion in revenue each year.

Satellite Beach is part of the Palm Bay – Melbourne metropolitan area with a combined population of 204,724.
The Crime rate is Satellite Beach is 66% lower than the national average and is safer than 83% of cities in the United States.
Future job growth over the next ten years is predicted to be 42.2% which is higher than the US average of 33.5%.

HIGHLIGHTS
• PLEASE EMAIL US YOUR BUYING CRITERIA AND WE WILL SEND YOU ON/OFF MARKET DEALS THAT MEET YOUR CRITERIA!
• CVS in Satellite Beach Florida!
• Tax Free State.
• Extended Store Hours (Open until 12:00 midnight)
• Drive Thru Pharmacy.
• Brand new 20 year lease.
• Strong Store Sales (approx. $8.8 mil.+ annually. Very low rent to sales ratio)
• Hard Corner Location.
• Less than one hour drive from Orlando Int'l Airport and 3 hrs. drive from Miami Int'l Airport.

For more informacition:
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.

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Information is deemed to be correct but not guaranteed.