Tallahassee, FL

Price: $ 5,667,016
CAP Rate: 6.00%
NOI: $ 340,021
Lease Term Remaining Before Options: 3 Years 4 Months
Investment Highlights
  • CVS reports sales above $18 million at this location with the landlord receiving additional percentage rent.
  • Located on the corner of Magnolia Drive & Apalachee Parkway with combined traffic counts of 59,500 VPD.
  • CVS's hours at this location are from 7 AM until Midnight, 7 days a week.
  • Located directly behind the property, CHP's Governor's Square Health Center is 1 of only 3 locations for Capital Health Plan in Tallahassee.
  • 172,745 residents within a 5-mile radius.
  • 1.5 miles south of Tallahassee Memorial Healthcare Hospital (772 Beds).
  • Located within 2 miles of major universities Florida State University (±45K Students) and Florida A&M University (±10K Students).
Offering Summary

For additional information, please contact Chris Barry at cb@pharmapropertygroup.com or (818) 585-8006. Thank you.

Price: $ 5,667,016
CAP Rate: 6.00%
NOI: $ 340,021
Lease Term Remaining Before Options: 3 Years 4 Months