|Gross Leasable Area (GLA)||11,200|
|Price Per Square Foot (GLA)||$426.56|
|Lot Size||1.21 Acres|
Marcus & Millichap is pleased to announce the sale of this freestanding CVS Pharmacy located in Bradenton, FL. The property is subject to a triple-net lease guaranteed by CVS Corporation. With over eight and a half years remaining on the lease term and rent increases built into the four, five-year options, this drug store provides an ideal long term passive investment.
Located on the main intersection of US 301 and State Road 64, this CVS benefits from a traffic count of over 59,000 vehicles per day. The strategic location of the subject property less than two blocks away from Manatee Memorial Hospital, the largest medical center in Bradenton, speaks to the long term viability of this investment. Manatee Memorial has served the Manatee County community for over 60 years. The 319-bed acute care facility is owned and operated by a subsidiary of Universal Health Services, Inc., one of the largest and most highly respected hospital management companies in the country. The nearest CVS Pharmacy to the subject property is more than 2.4 miles away, while the nearest Walgreens is more than 2.6 miles away.