Lakewood Ranch,

 Florida

CVS

Highlights

Price: $5,555,555

Cap Rate: 4.50%

  • Top tier, innovative, and market-leading tenant (CVS)
  • Electric car charging stations
  • Brand new construction
  • Located near Publix, Starbucks, Earth Fare, Chipotle, LA Fitness, and more
  • NNN ground lease

CVS is a premier publicly-traded (NYSE) health and wellness retailer that continues to receive praise for its market position and corporate strength. A great example is this recently published Barron’s article titled “How CVS Wants to Fix Health Care — and Why It’s Time to Buy the Stock.”

CVS Corporate highlights include:

  • 9,900 retail locations
  • 68,000 retail network pharmacies
  • 5,000,000 CVS Pharmacy customers per day
  • 22,000,000 medical benefit members
  • 42,000,000 MinuteClinic patient visits
  • 62,000,000 ExtraCare members
  • 2,500,000,000 managed or filled prescriptions

Lakewood Ranch is a high-wealth area located just west of I-75 and within the Sarasota MSA. It is the second fastest growing master-planned, and the number one multi-generational, community in the U.S.

Premium amenities and events include:

  • Sarasota Polo Club
  • Ritz-Carlton Members Golf Club
  • Lakewood Ranch Golf and Country Club
  • The Green at Lakewood Ranch (a new 525,000 sf mixed use project)
  • Lake Erie College of Osteopathic Medicine
  • Premier Sports Campus
  • Premium retail (e.g. LA Fitness, Earth Fare, Starbucks, Panera, and Publix)
  • Prestigious new mall and shopping center bordering the community (University Town Center)
  • 2017 World Rowing Championships held in neighboring Nathan Benderson Park
  • Access to Bradenton, Sarasota, and white sand beaches

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This information (“OM”) is provided by 3 Properties LLC (“3P”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This information may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior authorization or consent of 3P. This information does not constitute or pertain to an offer of a security or an offer of any investment contract. This information contains descriptive materials, financial information and other data compiled by 3P for the convenience of parties who may be interested in the Property. Such information may not all be inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. 3P has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon 3P.

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