NNN CVS - Miami (Hialeah), FL
New Construction | Absolute NNN | Corporate 20 Year Lease | 10% Increases Every Five Years
Marketing description
Introducing the Hialeah CVS Plaza located at 845 E. Okeechobee Road, Hialeah, FL. This prime investment opportunity features a single-tenant absolute NNN lease with a drive-thru pharmacy operated by CVS Health Corporation (S&P: BBB | NYSE: CVS), offering a stable investment with a strong corporate guaranty. Situated next to Miami International Airport at a signalized intersection with combined high traffic volume, this property boasts excellent visibility and accessibility. With a 20-year lease term and 6 (5-year) extension options, this brand-new lease provides a secure income stream. Rental income includes 10% increases at the start of each option period, ensuring growth for investors. Don't miss out on this attractive investment with a net operating income of $1,316,225 and a cap rate of 5.65%. Take advantage of the long-term lease with a nationally recognized tenant in a rapidly developing area.
Investment highlights
Corporate Guaranteed CVS Lease | Options To Extend | 20-Year Lease w/ 6 (5-Year) Options
Signalized Intersection | Located at The Gateway to Hialeah | Surrounding Hotels/Retailers | Heavily Trafficked Corridors
Absolute NNN | Fee Simple Ownership | No State Income Tax |Zero Landlord Responsibilities
Hialeah, FL - New Developments Underway
Dense Demographics 5-Mile Trade Area | Multi-Cultural Presence
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