CVS pharmacy | 3915 W Commercial Blvd
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CVS pharmacy 3915 W Commercial Blvd
13,538 SF Retail Building Tamarac, FL 33309 $11,564,560 CAD ($854 CAD/SF) 6.14% Cap Rate
Investment Highlights
- Heavily Trafficked Intersection with over 93,000 cars per day
- Attractive Cap Rate
- Absolute Net Lease with High Volume CVS store that just exercised the second of their 5 year options effective 12/9/2024
Executive Summary
Operating, high volume CVS drugstore located on the Northeast corner of W. Commercial Blvd and US 441/SR7 in Tamarac, Fl. CVS just notified the Landlord that they are exercising their secon of 4-5 year options effective 12/9/2024. This is a major intersection in NW Broward County with average daily traffic counts exceeding 93,000 cars per day at the intersection. The property is less than 1 mile east of a full interchange with the Florida Turnpike and 3.5 miles west of I-95. There is a major shopping center consisting of 245,000 SF directly across from this property (Publix/Marshalls/Crunch Fitness); and several hotels and large office and industrial parks in the vicinity. In addition there are nearly 200,000 people living within a 3 mile radius of the property with Average Annual Incomes of $82,000 per year.
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Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,538 SF
Building Class
B
Year Built
1999
Price
$11,564,560 CAD
Price Per SF
$854 CAD
Cap Rate
6.14%
NOI
$709,652 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.10 AC
Zoning
B-1, Tamarac - Business
Parking
68 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
310 ft on North State Road 7
Amenities
- Pylon Sign
- Drive Thru
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-42-18-02-0292 | Improvements Assessment | $2,915,709 CAD |
| Land Assessment | $2,585,089 CAD | Total Assessment | $5,500,797 CAD |
PROPERTY TAXES
Parcel Number
49-42-18-02-0292
Land Assessment
$2,585,089 CAD
Improvements Assessment
$2,915,709 CAD
Total Assessment
$5,500,797 CAD
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CVS pharmacy | 3915 W Commercial Blvd
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