255 State Road 7Margate, FL 33068
High-yield, low-risk CVS investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 11,169 SF CVS Pharmacy on a 0.92-acre lot in Margate, FL (Miami MSA).
- Absolute NNN lease with CVS Health Corporation (BBB+ S&P rating), corporate guarantee, ~3.2 years remaining, 10 option periods.
- 7.58% cap rate, $379,025 NOI, $5,000,329 asking price ($447.70/SF).
- Prime, hard-signalized corner location with high visibility.
- Strong demographics: Margate population over 58,712, Miami MSA over 6 million. Surrounded by residential growth (apartments, new homes). Proximity to HCA Florida Northwest Hospital and Broward College.
- Fee simple ownership, allowing for depreciation benefits. Florida's no state income tax.
Property Details for 255 State Road 7
- Property type
- Retail properties, Drug stores
- Square Feet
- 11,169 SF
- Year Built
- 2002
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 40,075 SF
- Units
- 1
Location Insight
- City
- Margate
- County
- Broward
- State
- Florida
- Latitude
- 26.2276863
- Longitude
- -80.2054811
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].