Hialeah, FL - CVS / Navarro

Description:

• Brand new 20-year lease with 6 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option period
• Signed lease by Holiday CVS, LLC dba Navarro, who were the nation’s largest Hispanic-owned drugstore chain until CVS acquired them in 2014
• Corporate guaranty from CVS Health Corporation

• Located at the signalized intersection of E. Okeechobee Rd/US-27 & S. Le Jeune Rd averaging a combined 151,500 VPD
• Located at the Gateway to the city of Hialeah
• Adjacent to Miami International Airport, the 10th busiest airport in the US with 50+ million travelers annually and an annual economic output of $30B+
• There are several hotels and retailers in the surrounding area, providing a direct consumer base from which to draw
• The Home Depot located two blocks East of the subject site is ranked in the 97th percentile (53 out of 1,979) of all nationwide location according to Placer.ai