Yulee, FL - CVS

Description:

• CVS recently executed a brand-new 20-year lease, with 6 (5-year) renewal options, demonstrating their long-term commitment to the site
• The lease features 10% rental increases at the beginning of each option period
• CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), is America’s leading retail pharmacy with 9,000 retail locations, more than 1,000 walk-in and primary care medical clinics
• 2026 construction will feature CVS’s latest prototype with modern finishes and an optimized drive-thru layout

• CVS is located at the hard corner intersection of The Buccaneer Trail (FL 200) and Crosstown Blvd which combine to average over 45,500 vehicles passing by daily
• The asset is a part of the Wildlight, a 24,000-acre planned community that will have approximately 24,000 residential units and 11 million square feet of commercial space when completed
• Wildlight is expected to be home to over 50,000 residents in the future
• Less than a mile from the Crossings at Wildlight, a Publix anchored center with other tenants including Jersey Mike’s Nothing Bundt Cakes, and Chase Bank

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