CVS - New Port Richey, FL

Absolute NNN Lease Structure – CVS operates under an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities, including roof, structure, and parking lot.
Low Rent & Competitive Price Point – This location benefits from a low, replaceable rent of $14.38 PSF and a sub-$3 million price point. By comparison, the current average asking price for CVS assets is roughly $5.5 million (per CoStar).
Corporate Guarantee – Lease is corporately guaranteed by CVS Health (NASDAQ: CVS).
Hard-Corner Location on US Highway 19 – Positioned on a signalized hard corner along US-19 with ±65,000 combined vehicles per day, offering strong visibility and access.
Dense Surrounding Population – The property is supported by 150,000+ residents within a 5-mile radius, driving consistent daily traffic to the corridor.
Florida Growth Market – Florida continues to benefit from strong in-migration trends, particularly from retirees, supported by no state income tax and favorable long-term demographic tailwinds.
Real Estate Driven Investment: The property features strong underlying real estate fundamentals, including a well-located, free-standing building with prominent frontage and long-term site relevance, independent of near-term drugstore sector headwinds.

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