Viera, FL - CVS
$12,183,000
Viera Blvd & Lake Andrew Dr, Viera, FL 32940
5.25
Cap Rate
639,585
NOI
Details:
Description:
• Brand new 20-year absolute NNN lease, corporately guaranteed by CVS Pharmacy, a investment grade tenant with an S&P BBB credit score
• The lease features 6 (5-year) option periods to extend, with a flat base term and 10%rental increases at the beginning of each option period thereafter
• 2024 CVS Pharmacy build to suite in Viera (Melbourne) Florida
• The asset is located directly off Interstate 95 (88,000 VPD) while providing direct access to Disney World and Universal Resort
• The asset will benefit from excellent visibility and cross access to its neighboring investment grade tenants - Wawa & Chick-fil-A
• CVS is strategically positioned directly across from a modern Publix-Anchored shopping center that features Chase Bank, McDonalds’ & Starbuck’s as outparcels
Location
Gallery
