CVS Investment Opportunity in Kendall | 5% Cap Rate

Colliers and the Twist Capital Team are pleased to exclusively present for sale this absolute NNN CVS located at 13199 SW 112th Street in Miami, FL. This property represents generational real estate, offering a rare opportunity to invest in a prime, irreplaceable South Florida location. Situated on a 1.05-acre parcel, the 13,295 SQFT free-standing building features a drive-thru and is strategically positioned at a hard signalized intersection of 112th Street and SW 134th Avenue, with additional access on SW 112th St. As an outparcel in the Publix-anchored The Crossings shopping center, it benefits from a strong consumer base and foot traffic. The CVS, with its modern façade and new construction, commenced an absolute NNN lease in December 2022, featuring a 25-year initial term and a corporate guarantee from CVS Health (S&P: BBB). Positioned in the West Kendall submarket, this CVS serves thousands of households in the immediate area. CVS Health Corporation (NYSE: CVS) is ranked 6th on the Fortune 500 list as of 2024, reflecting its strong financial performance with a revenue of $357.77 billion in 2023, a 10.9% increase from the previous year. This generational real estate in an irreplaceable dominant South Florida location offers a secure and lucrative investment opportunity.