Absolute NNN CVS

  • $7,100,000
120, Van Fleet Drive, Bartow, Polk County, Florida, 33830, United States of America

Absolute NNN CVS

120, Van Fleet Drive, Bartow, Polk County, Florida, 33830, United States of America
  • $7,100,000

Overview

Property ID: 18543
  • Property Type
  • Pharmacy Properties
  • 14210
  • sqft
  • 2005
  • Year Built

Description

Located in Bartow, Florida, this freestanding CVS building has a built-up area of 14,210 sq.ft. CVS has over five years remaining on the base term of this Absolute NNN Lease. The second oldest city of Polk Country, Bartow, is also the county seat of Polk County Florida. The city is located 41 miles East of Tampa and 75 miles from Orlando. This CVS building is in proximity to the Polk County History Center and Historic LB Brown House, both of which draw thousands of visitors every year. As the property is strategically placed on the corner of the signalized intersection of N Broadway Avenue and W Van Fleet Drive, it receives a traffic count of over 80,500 vehicles per day. The subject property sits on a huge 1.75-acre land adjacent to a Car Wash. It is situated opposite to a Publix, Any Time Fitness, 7-Eleven & Shell Gas Station. Several national retailers are also present in the immediate area, including Walmart, Lowe’s, Starbucks, Burger King, BB&T Bank, Walgreens, Subway, Tractor Supply Company, Taco Bell, Wendy’s, Dunkin’ Donuts, Waffle House, Race Trac, Hampton Inn, Holiday Inn Express, Sunoco, UPS, Little Ceasar’s, Pizza Hut, Domino’s, and McDonald’s.

CVS specializes in selling prescription drugs and a wide collection of general merchandise, including over-the-counter medications, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online on CVS.com. The company also provides healthcare services and has over 1,100 MinuteClinic medical clinics and Diabetes Care Centers. The majority of these clinics are situated within CVS stores.

Property Details – 

  • Property Type – Pharmacy Property
  • Property Status – Available
  • Location – 120, Van Fleet Drive, Bartow, Polk County, Florida, 33830, USA
  • Year of Construction – 2005
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 5 years 0 months
  • Property Size – 14210 sq.ft.

Details

Updated on April 16, 2020 at 5:35 pm
  • Price: $7,100,000
  • Property Size: 14210 sqft
  • Year Built: 2005
  • Property Type: Pharmacy Properties
  • Property Status: Available
  • Cap Rate: 6.00%
  • Lease Expiration: 5 years 0 months
  • NOI: $426,200
  • Tenant: CVS
  • Address 120, Van Fleet Drive, Bartow, Polk County, Florida, 33830, United States of America
  • City Bartow
  • State/county Florida
  • Zip/Postal Code 33830

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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