This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased CVS Pharmacy located at 715 W Brandon Blvd, Brandon, FL 33511, within the Tampa MSA. The property boasts a 10,856 square foot building on a 1.77-acre lot, built in 2001. The lease, commencing July 25, 2002, has a remaining term of approximately 3.2 years, with 10 option periods. The current lease expiration is January 31, 2028, offering a long-term commitment from a credit-rated corporate guarantor. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $464,761, resulting in a 7.58% cap rate. The asking price is $6,131,411. This prime retail location benefits from high visibility on a signalized corner, serving a densely populated area with over 234,000 full-time residents within the trade area. Nearby amenities include numerous apartment complexes, Hillsborough Community College, Rasmussen University, HCA Florida Brandon Hospital, and several shopping centers, including Westfield Brandon Mall. The property's fee-simple ownership allows for depreciation benefits, and the location in Florida offers the advantage of no state income tax. This is a rare opportunity to acquire a high-quality, low-maintenance investment with a strong tenant and significant upside potential.
Highlights
Investment-grade CVS Health Corporation (NYSE: CVS) lease, rated BBB+ by S&P.
Absolute NNN lease; zero landlord responsibilities.
High-visibility corner location in Brandon, FL (Tampa-St. Petersburg-Clearwater MSA), with over 80,673 vehicles per day.
Strong demographics: 234,000+ residents in the trade area, near multiple apartment complexes and major employers.
Proximity to Hillsborough Community College (15,000 students), Rasmussen University (9,055 students), and HCA Florida Brandon Hospital (436 beds).
Convenient location near J.C. Handy Sports Complex, Westfield Brandon Mall, and other retail centers.
The property is located at 715 Brandon Blvd Brandon, FL.
What is the asking price?
The asking price for this property is $6,131,411.
What are key features of this property?
This property features: Investment-grade CVS Health Corporation (NYSE: CVS) lease, rated BBB+ by S&P.; Absolute NNN lease; zero landlord responsibilities.; High-visibility corner location in Brandon, FL (Tampa-St. Petersburg-Clearwater MSA), with over 80,673 vehicles per day.
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Brandon Blvd Brandon, FL 33511
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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715 Brandon Blvd
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