Pharma Property Group Announces Exclusive Listing of CVS in Daytona Beach, Florida
Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a double net leased CVS for sale in the city of Daytona Beach, FL.
This CVS drugstore has approximately ten years left on the initial lease term with five year options. Lease allows for approximately 2% rental increases at every five year option. Next option begins March 2026.
The subject property is located on a highly traveled and signalized corner with over 68,000 cars per day. Across the street from the subject property lies The Shoppes at Beville Road (100,000 square feet) anchored by a Publix Super Market with national tenants such as GNC, UPS, Bank of America, Taco Bell and Walgreens. National retailers nearby within a mile include a 198,169 square foot Walmart Supercenter and a 145,207 square foot Sam’ s Club.
This CVS is also located in Daytona Beach, just three miles from the Daytona International Airport with approximately 500,000 flights annually. Adjacent to the Daytona International Airport is renowned Daytona Speedway, home to the Daytona 500, the signature race of NASCAR. This 180-acre facility hosts multiple races, concerts and community events annually and in 2016 completed a $400 million renovation. Daytona Beach recently reopened the Daytona Beach Pier, a historic attraction, after a $5 million restoration with nearby roller coaster, Ferris wheel, on the Boardwalk Amusement park.
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055