CVS | 1037 Main St
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CVS 1037 Main St
12,927 SF Retail Building Chipley, FL 32428 £2,707,874 (£209/SF) 7.35% Net Initial Yield
Executive Summary
This freestanding CVS is located at the hard corner (NEC) of Main Street and South Boulevard in Chipley, Florida. Chipley is a neighborhood community in fast growing Washington County in the Florida Panhandle, along the I-10 corridor between Tallahassee and Pensacola. The property itself is located directly on US Highway 77 (Main Street), a prominent north/south route with 19,500 VPD at the intersection with South Boulevard. CVS opened in 2011 and occupies an attractive, modern freestanding prototype building with a 2-lane attached drive-thru facility and ample customer parking.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,927 SF
Building Class
C
Year Built
2010
Price
£2,707,874
Price Per SF
£209
Net Initial Yield
7.35%
NOI
£199,029
Tenancy
Single
Number of Floors
1
Building FAR
0.81
Lot Size
0.37 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00000000-00-1856-0000 | Improvements Assessment | £556,054 |
| Land Assessment | £116,698 | Total Assessment | £672,752 |
PROPERTY TAXES
Parcel Number
00000000-00-1856-0000
Land Assessment
£116,698
Improvements Assessment
£556,054
Total Assessment
£672,752
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CVS | 1037 Main St
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