A 12,946-SF Net-Leased CVS Pharmacy Trades for $3 Million in Venice, FL

                                                         

Casey Barker

VENICE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of CVS Pharmacy, a 12,946-square foot net-leased property located in Venice, Fla., according to Justin W. West, vice president/regional manager of the firm’s Orlando office. The asset sold for $3,000,000.

  The buyer, a private investor, was secured and represented by Casey Barker, an investment specialist in Marcus & Millichap’s Orlando office.

CVS Pharmacy is located at 3520 Laurel Road East in Venice, FL. CVS Pharmacy has 16 years remaining in the original NNN ground lease with six 5-year options to renew. 

The lease is corporately guaranteed by CVS Health Corporation. The CVS Pharmacy is located in a rapidly growing market with strong demographics – highest growth area in Sarasota County.

Contact:

 Justin W. West

Vice President / Regional Manager, 
Orlando, FL

(407) 557-3800