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.
Full Description
Lee & Associates, in conjunction with Bang Realty, is pleased to present a premier single-tenant net lease (STNL) investment opportunity: a high-performing CVS Pharmacy located in Monticello, Florida. This Florida medical retail asset offers a secure, hands-off income stream backed by one of the nation’s most reliable corporate guarantees.
Investment Highlights
-
Absolute Triple-Net (NNN) Lease: This is a "zero-management" asset. The tenant is responsible for 100% of taxes, insurance, and maintenance (including roof and structure), making it an ideal passive income investment.
-
Investment-Grade Corporate Guarantee: Leased to CVS Health (NYSE: CVS), a Fortune 500 company and a global leader in healthcare and retail pharmacy.
-
Recession-Resilient Asset: Pharmacy-based retail is considered "essential," providing investors with stability regardless of economic cycles.
-
1031 Exchange Opportunity: A clean, fee-simple property structure perfectly suited for investors seeking a secure tax-deferred exchange.
Strategic Location & Market Drivers
Situated on a high-traffic corridor in the heart of Monticello, the property offers:
-
Unmatched Visibility: Positioned for maximum exposure to local and regional traffic within a growing Florida market.
-
Regional Hub Advantage: As the primary service hub for Jefferson County, Monticello draws consistent customer traffic from a wide geographic area.
-
Tallahassee MSA Proximity: Benefits from the economic stability and growth of the nearby state capital, supported by a diverse mix of residential and commercial expansion.
Why This Asset Stands Out
For those searching for a CVS for sale in Florida, this property combines a high-credit national tenant with the most desirable lease structure in the industry (Absolute NNN). It represents a "bond-wrapped" real estate acquisition designed for long-term capital preservation and predictable yield.
Quick Glance
- Listing ID:
CL-Florida-14832
- Status:
Active
- Year Build:
2007
- Building Size:
13,800 SqFt
- Lot Size:
N/A