CVS Pharmacy

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.


Wawa

New Wawa Under Construction

This brand new Wawa is currently under construction along U.S. Highway 1 in Vero Beach, Florida. The site has full access via Old Dixie Highway and additional exposure on three main roadways. The tenant recently signed a 20-year Ground lease that requires no landlord maintenance for ease of investment. The lease has scheduled seven percent rental increases within the base term and each of the six options to extend.

Ideal Treasure Coast Location

Although the surrounding area is mostly zoned for industrial use, the site is located within close proximity to Vero Beach Regional Airport. This Wawa is also less than 10 miles from Disney’s popular Vero Beach Resort. Visitors to the site benefit from access to plentiful shopping opportunities thanks to the nearby presence of the Indian River Mall and the Vero Beach Outlets, Florida’s premier outlet shopping destination.

Within Indian River County

Relatively small in size in terms of population, Indian River County happens to be Florida’s seventh-richest county by per capita income. The average annual household income within just three miles of this Wawa site is nearly $85,000. Additionally, the area immediately surrounding the property has seen a population boom, growing an average of around 18 percent within five miles over the past decade.


SimonMed Imaging

Prime Investment Opportunity

SimonMed Imaging is one of the largest outpatient medical imaging providers and the largest physician radiology practice in the country. This corporate-guaranteed SimonMed Imaging in adjacent to a new Wendy’s location. The NNN lease features no landlord responsibilities for ease of investment. The 15-year lease term includes scheduled 10 percent rental increases within both the base term and both renewal options. Additionally, Florida has no state income tax.

New Construction in Winter Park

The property is brand-new construction along West Fairbanks Avenue (33,000 cars passing daily). The building (adjacent to Wendy’s) is near many recognizable retailers, including Publix, T-Mobile, McDonald’s and Walgreens. This Wendy’s location is also less than one mile from the popular Park Avenue shopping district, the city’s new SunRail station and the Valencia College Winter Park campus.

Proximity to Orlando Attractions

This SimonMed Imaging location is less than five miles from the heart of downtown Orlando and less than 15 miles from Universal Orlando Resort. Orlando is one of the world’s most-visited tourist destinations, attracting more than 75 million tourists in 2018 alone. Additionally, Orlando hosts more than 10 million business visitors annually. The city is No. 1 in the nation for meetings and events, which on average have a total economic impact of more than $2.4 billion annually.


Wendy’s

Prime Investment Opportunity

Wendy’s is the world’s third-largest hamburger fast food chain with 6,711 locations across the globe. This rare corporate-guaranteed Wendy’s location features a new in-line concept and is adjacent to SimonMed Imaging. The Ground lease features no landlord responsibilities for ease of investment. The 15-year lease term includes scheduled 10 percent rental increases every five years within both the base term and each of the five options to renew. Additionally, Florida has no state income tax.

New Construction in Winter Park

The property is brand-new construction along West Fairbanks Avenue (33,000 cars passing daily). The building (adjacent to SimonMed Imaging) features a drive-thru lane and an outdoor seating area exclusive to Wendy’s. The site is near many recognizable retailers, including Publix, T-Mobile, McDonald’s, Walgreens and more. This Wendy’s location is also less than one mile from the popular Park Avenue shopping district, the city’s new SunRail station and the Valencia College Winter Park campus.

Proximity to Orlando Attractions

This Wendy’s location is less than five miles from the heart of downtown Orlando and less than 15 miles from Universal Orlando Resort. Orlando is one of the world’s most-visited tourist destinations, attracting more than 75 million visitors in 2018 alone. Additionally, Orlando hosts more than 10 million business visitors annually. The city is No. 1 in the nation for meetings and events, which on average have a total economic impact of more than $2.4 billion annually.


Cheddar’s Scratch Kitchen

Long-Term Investment Opportunity

This Cheddar’s Scratch Kitchen asset features a 15-year Ground lease backed by a strong corporate guarantee from Cheddar’s Casual Café, Inc., a wholly owned subsidiary of Darden Restaurants, Inc. (NYSE: DRI). At least 10 years remain on the original lease term. Additionally, the lack of any landlord management responsibilities makes this property an ideal asset for the passive investor.

High-Traffic, Dense Retail Location

The property’s prominent positioning along North Dale Mabry Highway allows for extremely high traffic counts in excess of 74,500 vehicles per day. Cheddar’s Scratch Kitchen sits near numerous national retailers, including Outback Steakhouse, Barnes & Noble, Dunkin’, Starbucks and Carrabba’s Italian Grill. Also, the property sits near the Publix-anchored Carrollwood Shopping Center.

Within the Greater Tampa Bay Area

The area immediately surrounding the property has seen population growth over the past decade of nearly 45 percent. Over 316,000 people live within five miles of this Cheddar’s Scratch Kitchen site. The Greater Tampa Bay area boasts a population of at least four million. The Port of Tampa and Tampa International Airport (TPA) make Tampa Bay an easily accessible, popular destination in Florida for tourists and business visitors alike.


CVS Pharmacy

Prime Investment Opportunity

This corporate-guaranteed CVS Pharmacy property features a NN lease that was recently extended by the tenant for an additional 20 years. There is a 13 percent rental increase within the first option period. Additionally, each of the three remaining option periods feature three percent rental increases. CVS Pharmacy has been in place at this location since 1998. This signals a strong commitment to the site and the greater Hagerstown community.

Located Within a Major Retail Corridor

Hagerstown and Washington County as a whole boast one of the highest densities of retail in the country. This CVS Pharmacy sits at a prominent signalized intersection near two of the area’s major shopping destinations: Hagerstown Premium Outlets and Valley Mall. Nearby retailers include Columbia, The North Face, Coach, Brooks Brothers, Kohl’s, Walmart, Lowe’s, Ross Dress For Less and more.

Fast-Growing Metropolitan Area

Washington County is home to one of the fastest-growing metropolitan areas in the country. More than 96,000 people live within five miles of this CVS Pharmacy location. A total of 269,000 people live within Washington County proper. The area includes a labor force of 400,000 highly-skilled workers at the crossroads of the Mid-Atlantic corridor. Also, this region is just 75 miles from the Baltimore and Washington, D.C. metropolitan markets.


Sherwin-Williams

Highly Desirable Site

This Sherwin-Williams site has high visibility and is located in the new Markets West development. This 16.5-acre mixed-use development is located in one of Gainesville’s most densely populated residential districts. The development features retail, office and medical sites.  Markets West is part of a 135-acre master development that includes over 300 homes and more than 200 multi-family units.

Strong Corporate Tenant

The lease features scheduled rental increases within each option period, along with a strong corporate, credit-rated tenant. Sherwin-Williams is a global leader in its industry, with more than 4,900 company-operated stores and facilities. Company sales for fiscal 2018 increased to a record $17.5 billion. In addition, there is no state income tax in Florida, which makes this Sherwin Williams property an ideal investment.

Increasing Traffic Counts

North Florida Regional Medical Center—one of the area’s top employers—will have a new location within Markets West, which will continue to increase daily traffic counts. A new east-west road connecting Tower Road and Southwest 20th Avenue will provide easier access to the development and will help alleviate congestion. Nearby Interstate 75 sees daily traffic counts in excess of 84,000 vehicles.


Chili’s

New Construction in Under-Served Market

The property is new construction that is now open for business within the larger Coral Reef Commons mixed-use development. The Chili’s 10-year Ground lease features scheduled rental increases every five years, as well as four options to renew. Anchored by Walmart and L.A. Fitness, other notable tenants within the development include Panera, PDQ, Noire the Nail Bar, Starbucks, Chipotle and more. The overall Coral Reef Commons development schedule includes the construction of more than 900 residential units. Chili’s is prominently positioned within this highly under-served area, which has a population of more than 363,000 within a five-mile radius. 

Prominent, Accessible Location

Chili’s sits at a highly visible corner site at the signalized intersection to the larger Coral Reef Commons retail center facing Southwest 152nd Street. The site is less than one mile from the major east-west thoroughfare Florida’s Turnpike, which sees daily traffic counts of more than 197,400. Visitors to this Chili’s restaurant also have immediate access to Zoo Miami, the largest zoo in Florida which sprawls across 750 acres and welcomes close to one million annual visitors.

Major Metropolitan Market

Coral Reef Commons and this Chili’s restaurant sit less than 20 miles from the heart of downtown Miami, which is known as the cultural, economic and financial center of South Florida. Residents have easy access to Interstate 75 and Interstate 95, Florida’s Turnpike and Miami International Airport, the third-busiest airport in the country. The Greater Miami area boasts a population in excess of 6.1 million residents. Every year, millions of tourists flock to the region’s many beaches and attractions, making this one of Florida’s most popular travel destinations.


McDonald’s

Quality Investment Opportunity

This McDonald’s restaurant is a prominent outparcel within the larger Laurel Glen Shopping Center along Three Notch Road. This 20-year Ground lease has 11 years remaining on its Base Term, as well as four options to renew. There is an upcoming 10 percent rental increase that will take effect in 2021. The corporate guarantee is backed by the No. 1 fast food company in the world. There are no landlord responsibilities for ease of investment.

Strategic Retail Location

The site benefits from its presence among the continually expanding shopping centers along Three Notch Road. Nearby retailers include Target, BJ’s, Walmart, Harris Teeter, Ross Dress For Less, Lowe’s and countless others. Businesses along this retail corridor benefit from the area’s affluent consumer base. An estimated 56,287 residents living within five miles of this McDonald’s location report average annual household incomes of more than $96,000.

Growing Micropolitan Area

Southern Maryland is one of the fastest-growing areas of the state and is a popular area for residents working in the nation’s capital. Residents of California and neighboring Lexington Park have easy access to Washington, D.C. and Baltimore, Maryland thanks to the many highways and international airports serving the area.

This property is listed in conjunction with Maryland broker Mark Mueller of Broad Reach Brokerage Services Mid-Atlantic, LLC (License 6248).


The Tire Choice

Quality Investment Opportunity

This The Tire Choice property features new 20-year corporate-guaranteed NNN lease with scheduled rental increases and multiple options to renew. There are no landlord responsibilities for ease of investment. Additionally, Florida has no state income tax.

Prominent Retail Location

The site is located along a dense retail corridor in The Villages, the world’s largest retirement community with an ever-increasing population. This The Tire Choice location is situated near prominent national retailers like Publix, Walmart, Bealls, The Fresh Market and Red Lobster. The site is also near multiple schools within the larger The Villages community.

Within the Greater Orlando Area

The Villages has a population of 122,460 and consistently ranks as a high-growth area. In 2018, The Villages ranked No. 1 on the list of the fastest-growing metropolitan areas in the country. Additionally, residents of The Villages benefit from the community’s ideal location around 60 miles from Orlando. As the fourth-most popular tourist destination in the world, Orlando draws over 68 million visitors annually to its numerous attractions.