|Gross Leasable Area (GLA)||12,739|
|Price Per Square Foot (GLA)||$482.77|
|Lot Size||1.64 Acres|
Marcus & Millichap is pleased to present this freestanding CVS Pharmacy located in Sarasota, Florida. The property is subject to a triple-net lease with over five-and-a-half years remaining on the lease term and rent increases built into the four- and five-year options.
Located at the lighted intersection of Bee Ridge Road and Mclntosh Road, this CVS benefits from a traffic count of over 37,500 cars per day. Other retailers located at this intersection include Winn Dixie, Amscot, H&R Block, Aaron’s, Pet Supermarket, Save-A-Lot, Mobil, Firehouse Subs, Tires Plus and Batteries Plus Bulbs.
Sarasota, Florida is known as one of the best places in the country to live, work, and raise a family. The business scene is healthy and growing, and the city has top-quality schools and an affordable cost of living. Its rolling white sand beaches on Florida’s Gulf Coast create an atmosphere of luxury in a friendly community. The city’s population is around 54,000, and there are a number of colleges in the area, including New College of Florida, Ringling School of Art and Design, the University of South Florida, Sarasota County Technical Institute, and Keiser College.
CVS Caremark (NYSE: CVS), headquartered in Woonsocket, Rhode Island, is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. Through their unique suite of assets, CVS/pharmacy is reinventing pharmacy to offer innovative solutions that help people on their path to better health. They are focused on enhancing access to care, lowering overall health care costs for plan members and payors, and improving health outcomes.