CVS

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

PROPERTY ADDRESS

4001 East Busch Blvd., Tampa, FL 33617

PROPERTY INFORMATION

Price:
$6,923,000
Cap Rate:
7.0%
Term Remaining:
10 years Years
Year Built:
2001

INVESTMENT HIGHLIGHTS

  • Kitty-Corner to Busch Gardens Amusement Park
  • 10,856 SF CVS Pharmacy Situated on Large 1.64 Acre Parcel
  • Absolute Net Lease — No Landlord Responsibilities
  • Drive Thru Location | Multiple Ingress and Egress
  • Corporate Guarantee | S&P Rating “BBB+”

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a CVS located at 4001 E Busch Blvd. in Tampa. FL. This twenty five year absolute net lease has no land-lord responsibilities and there are approximately eleven years remaining on the initial term. The lease has a corporate guarantee which has an investment grade S&P “BBB+” rating.

The subject property is in a densely populated area with over 289,100 residents within five miles. The median home value within five miles exceeds $131,000 and the average household income exceeds $47,000. The subject property is located near other national retail tenants including Sav-a-Lot, AutoZone, Publix, Family Dollar, Wawa, KFC, Dunkin Donuts, Burger King, Pizza Hut, Taco Bell and Olive Garden.