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Published on: Thursday, April 17, 2025
Updated on: Wednesday, September 24, 2025
About the Lister
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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
1390 S Jefferson St, Monticello Florida , 32344  NNN Investment Group
Listing ID: CL-Florida-14832 Free Standing /Retail

Purchase Option

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

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
Universe Financial Corp Mortgage Broker Melody Bejerano (305) 505-3053 Request Quote
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126 Request Quote
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