327 NE US Highway 19, Crystal River, FL 34429

The eXp Commercial team is pleased to present this exceptional absolute NNN leased CVS Pharmacy located at the signalized hard corner intersection of U.S. Highway 19 and State Road 44 in Crystal River, Florida. CVS has successfully operated at this location for more than 20 years and recently exercised a five-year lease renewal option extending the current lease term through January 2029, demonstrating continued long-term commitment to the site and market.

Recent operating reports indicate approximately $12.6 million in annual net sales, reinforcing the location's strong operating performance and strategic importance within CVS's national store network.

The property consists of an approximately 10,908-square-foot freestanding retail building situated on approximately 1.79 acres within one of Crystal River's highest-trafficked commercial corridors. The intersection benefits from exposure to approximately 62,000 vehicles per day and serves as a primary retail, healthcare, and commuter corridor throughout Citrus County.

Following the lease renewal, CVS completed significant capital improvements during 2024, including pharmacy expansion, ADA accessibility upgrades, pedestrian connectivity enhancements, sidewalk improvements, and additional site modernization efforts. These investments further demonstrate the tenant's long-term commitment to the location and confidence in the continued growth of the Crystal River market.

The asset offers investors stable passive income backed by an investment-grade tenant, minimal landlord responsibilities under the absolute NNN lease structure, and long-term upside supported by population growth, infrastructure investment, tourism demand, and continued commercial development throughout Florida's Nature Coast region.

Strategically positioned at the signalized hard corner intersection of U.S. Highway 19 and State Road 44, the property sits within Crystal River’s dominant retail corridor with exposure to approximately 62,000 vehicles per day. The site benefits from exceptional visibility, regional accessibility, and strong surrounding national retail synergy. Crystal River and Citrus County continue experiencing long-term growth driven by population migration, tourism demand, infrastructure investment, and ongoing commercial redevelopment throughout Florida’s Nature Coast region. The property also benefits from continued roadway improvements and regional connectivity enhancements associated with the U.S. Highway 19 corridor and Suncoast Parkway expansion. Nearby national retailers include Walgreens, Wawa, McDonald’s, Wendy’s, Dunkin’, Taco Bell, Burger King, Bank of America, and AT&T, reinforcing the corridor’s position as a primary retail and service destination for both residents and tourists.