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Pharma Property Group is pleased to market for sale the CVS property located in Naples, Florida. CVS has had a long successful operating history at this location (±20 years) and is on an absolute net lease with no landlord responsibilities whatsoever. The lease features ±5% rental increases every 5 years with the next increase coming in February of 2024.
This CVS is located the hard corner of Tamiami Trail (U.S. 41), a main east/west throughfare leading from Naples to Miami and Shadowlawn Drive with combined daily traffic counts of over 51,000 Vehicles per day. One half mile to the southwest is the Collier County Government Center, a 45 Acre campus with nearly 3,000 employees offering a variety of services including Human Resources, Motor Vehicle, and Tax Services. Directly across Tamiami Trail is Gulf Gate Plaza, a 206,785 square foot shopping center with National Retail tenants including Big Lots, Beall’s, Planet Fitness and McDonalds.
Downtown Naples is located just over 2 miles to the west and is the main tourist destination in the area, drawing in over 1 Million visitors annually. This CVS serves over 24,000 households in the immediate 3-mile radius with over 53,000 residents.
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