Property Details

CVS/Pharmacy

Plantation (Ft. Lauderdale), FL
Property ID: 2090

    Financial Summary

    Asking Price $6,450,000
    Cap Rate 4.50%
    Net Operating Income (NOI) $290,000
    Lease Type Ground Lease
    Lease Term Remaining 21.5 Years
    Increases Call For Details
    The Offering Memorandum for this property is no longer available.

    Contact

    Patrick R. Nutt
    Managing Partner
    703.787.4714
    Scott Campbell
    Director
    703.787.4714

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    Highlights

    • Rare 5% increase in options
    • Average HH income of $63,778 within 3 mile radius
    • Excellent location in densely populated area of Plantation with over 183,537 people within 3 mile radius
    • Long term ground lease - 25 year original term (21+ years remain)
    • On major North-South thorough fare with high traffic count-56,000 VPD on N University Dr & 40,500 VPD on W Sunrise Blvd
    • Near major regional retail power centers including Sawgrass Mills in Sunrise (3.5 miles W) and Broward Mall in Plantation (2 miles S)

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    1802 N University Dr
    Plantation (Ft. Lauderdale), FL

    Traci BidingerCVS/Pharmacy