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    CVS Pharmacy
    $4,863,310
    Plus Plantation, FL
    Offering Memorandum
    Lease Type
    Ground
    Cap Rate
    4.50%
    Property Type

    Retail

    Building Size
    11,236 SF
    NOI
    $221,489
    Land Area
    1.37 AC
    Remaining Term
    5 Years
    Status
    Active
    Michael Zimmerman
    Michael Zimmerman
    Founder
    Property Highlights
    Prime Drugstore Investment Opportunity

    This CVS Pharmacy site features a drive-thru pharmacy and a MinuteClinic. The subject property boasts extremely strong store sales and a low rent-to-sales ratio. The tenant recently exercised its second five-year option, signaling CVS’s long-term commitment to this location. Two options remain on the current lease, and there are no landlord responsibilities for ease of ownership. Since there is no state income tax in Florida, this asset is perfect for any 1031 investor.

    Exceptional Access and Visibility

    This CVS Pharmacy location is directly across from Hawks Landing, one of South Florida’s premier luxury communities. Situated at the signalized intersection of West Broward Boulevard and North Nob Hill Road, this CVS Pharmacy is minutes from Westside Regional Medical Center and Westfield Broward, a shopping center anchored by Macy’s and Dillard’s. This enviable location allows visitors easy access to Interstates 95 and 595, as well as Florida’s Turnpike. Plantation is only 15 minutes from downtown Fort Lauderdale, the Fort Lauderdale-Hollywood International Airport and Port Everglades.

    Within Prime South Florida Community

    Plantation is an ever-growing city in South Florida. Home to more than 94,000 residents, Plantation has grown by over 15 percent in the past decade. This planned community combines quality shopping districts, more than three million square feet of office space and a variety of housing options within luxury mixed-use developments like Plantation Walk. There continues to be a flurry of development activity throughout the city. One only needs to drive around Plantation to check out the many new lifestyle options that make the city a great place to live, work and play.

    CVS Pharmacy
    Plantation, FL
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