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CVS Ground Lease - Tarpon For Sale

$5,335,000.00
  • Area 13013 sq ft
  • Floors

Description

The subject property is an approximate 13,013 square foot, single tenant CVS Ground Lease located at1000 East Tarpon Springs Avenue in Tarpon Springs, Florida. The building was built in 2007 and issituated on a 1.33 acre site. The site is NNN in nature with no landlord responsibilities. CVS Corporation has signed a 25-year primary lease term which commenced in September 1, 2007.The subject property is situated on the southeast corner of US Highway 19 and East Tarpon Avenue inTarpon Springs, Florida. The property is located off of US Highway 19; a six-lane highway running northand south with over 65,000 vehicles a day. East Tarpon Avenue runs east and west with over 26,000 carsper day. CVS Corporation purchased the site directly to the south, while earlier negotiations for the current location were unsuccessful. The area is known as a bedroom community of greater Clearwater andincludes abundant residential development within the neighborhood boundaries. Residential homes rangefrom $150,000 to $3,000,000. The site was a relocation of an inline location directly across the street inthe Publix Shopping Center.The property has two access points; one off of East Tarpon Avenue and the other from a side streetleading to residential to the east. Retailers in the area include Publix, McDonalds, TJ Maxx, Bank ofAmerica, Subway, Kmart, Staples, Big Lots, Bealls, Blockbuster, Taco Bell, Office Depot, Chilis, RegionsBank, Starbucks, Arbys and West Marine.

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Exterior Property Information

  • Sale Status: Active
  • Price: $5,335,000.00

Exterior Features

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