255 State Road 7 Margate, FL 33068
High-yield, low-risk CVS investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
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
- What type of property is this?
- Retail property - High-yield, low-risk CVS investment.
- Where is the retail property located?
- The property is located at 255 State Road 7 Margate, FL.
- What is the asking price?
- The asking price for this property is $5,000,329.
- What are key features of this property?
- This property features: 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).
- How can I contact the broker?
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