Long Term CVS – Palm Beach County, Florida

  • $6,140,000
3187, South Congress Avenue, Palm Springs, Palm Beach County, Florida, 33461, United States of America

Long Term CVS – Palm Beach County, Florida

3187, South Congress Avenue, Palm Springs, Palm Beach County, Florida, 33461, United States of America
  • $6,140,000

Overview

Property ID: 18551
  • Property Type
  • Pharmacy Properties
  • 12739
  • sqft

Description

Located at 3187 South Congress Ave, Palm Springs, Florida, the property consists of 12,739 square feet of retail space. It is situated on a 1.52 Acre parcel with a full-service drive-through window. This property benefits from the visibility to over 77,000 vehicles daily and serves over 317,000 full-time residents with a household income exceeding $63,750. It is located at the signalized intersection of S Congress Avenue and 10th Ave North. This property has 18 years remaining on the base term of the lease with ‘Five’ Five-Year options to extend. CVS is one of the nation’s leading drugstore chains with over 9,600 stores in all the 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands. It has a strong operational history at this location with more than 20 years of operation.

Property Details – 

  • Property Type – Pharmacy Properties
  • Property Status – Available
  • Property Size – 12739 sq.ft.
  • Location – 3187, South Congress Avenue, Palm Springs, Palm Beach County, Florida, 33461, USA
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 18 years 1 month

Details

Updated on April 18, 2020 at 7:06 am
  • Price: $6,140,000
  • Property Size: 12739 sqft
  • Property Type: Pharmacy Properties
  • Property Status: Available
  • Cap Rate: 5.00%
  • Lease Expiration: 18 years 1 months
  • NOI: $307,000
  • Tenant: CVS
  • Address 3187, South Congress Avenue, Palm Springs, Palm Beach County, Florida, 33461, United States of America
  • City Palm Springs
  • State/county Florida
  • Zip/Postal Code 33461

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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