CVS - Palm Springs, FL

3187 South Congress Avenue
Palm Springs, FL 33461

Marketing Materials

Overview

JLL is pleased to offer for sale the fee-simple interest in a single tenant, freestanding CVS Pharmacy (the “Property” or“ Asset”). The Asset is located in Palm Springs, Florida, a city in Palm Beach County and part of the Miami Metropolitan Area. Operating under a double-net lease with minimal landlord responsibilities, the Asset has 20.5 years of term remaining in addition to five, five-year options to extend. This offering represents an exceptional opportunity to acquire an investment property leased long-term to CVS within the highly-coveted Miami MSA.
  • Primary Broker

    David Maloy - Net Lease Broker
    David Maloy
    212 812 5957

  • Secondary Broker(s)

    Peter Furest - Net Lease Broker
    Peter Furest
    (212) 812-5802

  • Alex Sands - Net Lease Broker
    Alex Sands
    312 228 3253

  • In-State Licensee

    Carson Good - Net Lease Broker
    Carson Good
    FL

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Investment Highlights
• Over 20 years of primary term remaining on the lease
• Highly desirable Palm Beach County location
• Located just 5 miles inland from the Atlantic Ocean
• Part of the greater Miami MSA
• Excellent credit tenant holding an investment grade “BBB+” S&P rating
General
Property Type Retail
Property Address 3187 South Congress Avenue
Palm Springs, FL 33461
Primary Use Drug Store
Secondary Use None
Tenancy Single-Tenant
Financial
Price Confidential
Cap Rate Confidential
Current NOI Confidential
Lease
Remaining Term Confidential