January 5, 2018 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of CVS in Coconut Creek, Florida. Horvath & Tremblay represented the seller to close the property for a sale price of $5,125,000.
CVS fully occupies the 10,908-square foot building that was completed in 2003. CVS has five and a half years remaining on the original twenty-year triple net (NNN) lease term plus four, five-year renewal options. The Property is located at a highly visible, signaled intersection at the corner of two, three-lane, primary roadways in Coconut Creek. CVS experiences high traffic exposure to over 36,500 vehicles per day along Hillsboro Boulevard. Situated in a densely populated neighborhood, this CVS is services over 117,200 full-time residents within a 3-mile radius of the property and 315,700 residents within a 5-mile radius of the property.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.