CVS Pharmacy NNN Property For Sale — Venice, FL
215 Jacaranda Blvd., Venice, FL 34292
This is an exceptional opportunity to acquire a single-tenant investment property fully leased to CVS Pharmacy, an investment-grade tenant (S&P Rated BBB+, with Stable Outlook). The property benefits from an absolute NNN lease with approximately 19 years remaining on the fixed term, plus multiple 5-year option periods. Rent increases are structured at 10% at the commencement of the first option period, followed by 5% increases at each subsequent option. The building encompasses 12,960 square feet and is situated on a 1.49-acre lot. Located as an outparcel to a successful Publix-anchored shopping center, the property boasts strong visibility and signage on a hard signalized corner, ensuring high traffic flow and excellent demographics. This offering presents a rare chance to invest in a lo…
- Address: 215 Jacaranda Blvd., Venice, FL 34292
- Asking price $9.53M
- 4.91% cap rate
- NOI $467,678
- 19 years remaining
- NNN lease
Asset type: Retail - Free Standing