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Published on: Thursday, April 17, 2025

Updated on: Wednesday, February 18, 2026

About the Lister

Name: Ryan Bennett

Company: NNN Investment Group

Office Phone: 760-448-2449

Cell Phone: 760-519-0240

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CVS – Absolute NNN Lease

1390 S Jefferson St, Monticello Florida , 32344

NNN Investment Group
Listing ID: CL-Florida-14832 Free Standing /Retail

Purchase Option

Asking Price: $4,222,400.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 7

Net Operating Income: $295,568.00

Quick Glance

Listing ID: CL-Florida-14832

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: 100%

Year Build: 2007

Building Size: 13,800.00 SqFt

Lot Size: N/A

No of Stories: 1

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: Yes

Property On Ground Lease: No

Building Status: Existing

Listing Summary

Lee & Associates, together with Bang Realty are pleased to present an exceptional investment opportunity featuring a CVS Pharmacy located in the heart of Monticello, FL.

Complete Details

Year Build: 2007

Building Size: 13,800 SqFt.

No of Stories: 1

Total Lot Area: N/A SqFt.

No of Parking: N/A

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: Yes

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description

This high-performing property is backed by CVS Health, a Fortune 500 company and one of the largest and most respected pharmacy chains in the United States, offering stability and reliability for long-term returns. The property is secured by an absolute triple-net (NNN) lease, ensuring the tenant is responsible for all expenses, including property taxes, insurance, and maintenance, providing a true hands-off investment with predictable and stable income. Ideally positioned on a high-traffic corridor, the property benefits from excellent visibility and accessibility in a growing market. Monticello serves as a key hub in Jefferson County, supported by strong local demographics and a mix of residential and commercial development, driving consistent customer traffic to the property. With a strong national tenant, a secure lease structure, and a prime location, this CVS investment represents a rare and attractive opportunity for investors seeking long-term, passive income.

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Property Highlights

Strong Corporate Lease Guarantee | CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) – Only Investment Grade Pharmacy in the US | Largest Pharmacy in the US (9,700 Stores) – Revenues of $357.8 Billion | Ranked #6 on Fortune 500
Attractive Absolute NNN Lease | Zero Landlord Responsibilities | Zero Pharmacy Competition | No Other CVS or Walgreens within 21 Mile Radius | Established Long Term Operating History | Serving Market Since 2007
Located Along the Main Corridor into Downtown Monticello | Directly Across From Winn-Dixie Grocery Anchored Center | National Retail Synergy with Surrounding Tenants: Tractor Supply, O’Reilly Auto, Advance Auto, Dollar General Market, Dollar Tree
High Visibility Along US Hwy 19 (Jefferson St) – Minutes From Interstate 10 | Main Thoroughfare Connecting Tallahassee to Jacksonville | Located 30 Miles from Downtown Tallahassee & Tallahassee International Airport
Income Tax Free State (FL) | Monticello is the County Seat of Jefferson County | Strong Agricultural and Forestry Market – Monticello is Surrounded by Numerous Farms and Vineyards

Features

APN: 31-2N-5E-0000-0132-0000 & 31-2N-5E-0000-0133-0000
Brand/Tenant: CVS Pharmacy
Lease Term: 25.1 years
Lease Commencement: 12/31/2007
Lease Expiration: 01/30/2033

Additional Links

Contacts

No Additional Contacts.

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!

Company Name	Lender Type	Contact Name	Contact Number	Actions
Easy Home Loans, LLC	Mortgage Broker	Ana M Gonzalez	(786) 525-7126	Request Quote
Universe Financial Corp	Mortgage Broker	Melody Bejerano	(305) 505-3053	Request Quote

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Listing Location

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