CVS Perry (Hwy 27)

105 W. Hampton Springs Ave
Perry, FL 32347

Sale Overview

Price:$2,200,000
Building Size:11,325 SF
Property Type:Retail
Total Lot Size:0.8 Acres
Year Built:1996
Cap Rate:7.4%
NOI:$147,708

Highlights

  • Freestanding CVS Pharmacy
  • New 5 Year Lease Extension
  • Strong Tenant Sales History: Tenant exercised 5 year option(4)-5 year renewal options
  • Low Base Rental Rate
  • NNN Lease, LL has roof & structural (new roof-2009)
  • BBB+ Rated Credit Tenant (CVS Pharmacy)
  • Rent increases by approximately 7% each 5 year option ($11,325)

Description

Freestanding CVS Pharmacy.

New 5 Year Lease Extension. 5.5 years left on term. Four (4) - 5 year renewal options

Location

Located in Perry, FL which is the county seat of Taylor County and located on Florida's northwest coast fronting the Gulf of Mexico. Taylor County is an agriculture and manufacturing community and is home to Buckeye Technologies which is a pulp mill and the major employer in the county employing 643 people. Other major employers in the area are Marting Electronics (Pyrotechnics) 243 people, Doctors Memorial Hospital - 250 people, Gilman Building Products 127 people, and United Welding Services (Truck Accessories) 140 people.

Contact Advisor

SquareFrancis Rentz, CCIM
Senior Advisor
SVN | SouthLand Commercial
SquareJames Parsons
Associate Advisor
SVN | SouthLand Commercial
SquareMatt Fleck
Associate Advisor
SVN | SouthLand Commercial

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Documents


Website file type buildoutSale Brochure 2017
Updated 2 days ago

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