CVS | West Palm Beach, FL
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,739 SF CVS Absolute NNN Asset Located at 245 South Military Trail in West Palm Beach, FL. This Deal Includes a Short-Term Absolute NNN Lease CVS Located at the Highly Trafficked Signalized Intersection of S Military Trl (45,000+ VPD) and Gun Club Road (11,000+ VPD) in West Palm Beach, FL, Providing For a Secured Investment.
- Short Term Absolute NNN Lease CVS Located at the Highly Trafficked Signalized Intersection of S Military Trl (45,000+ VPD) and Gun Club Road (11,000+ VPD) in West Palm Beach, FL
- The Property is Ideally Situated on a 1.82 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area
- Strong Rental Escalations in the Amount of 2% Each Options With 5 x 5 Year Options Remaining
- Total Consumer Spending on Healthcare Exceeds $165 Million Annually Within a 5-Mile Radius of This Location and Total Population Exceeds 334,988 People Within a 5-Mile Radius of This Location
- Established Retailers Within a 1-Mile Radius Include: The Mall at Wellington Green, The Shoppes of Palm Beach, Target, Home Depot, Lowe’s, Walmart, Best Buy, Ross, Big Lots, CVS Pharmacy, Walgreens, Petsmart and Marshalls
- Investment Grade Credit / Fortune 500 Company: Lease Corporately Guaranteed By CVS Health, the 6th Ranked Company in the Fortune 500 With an S&P Credit Rating of BBB and Over $358 Billion in Total Revenue (2023)
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
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