CVS - Fort Pierce, FL

JLL is pleased to exclusively offer for sale the fee-simple interest in a long-term leased CVS located in Fort Pierce, FL (the “Property” or the “Asset”). The Property is favorably positioned on the hard corner of Hwy 1 and W Midway Rd with ample exposure to 80,000+ VPD. The Asset is situated within a Winn-Dixie anchored retail center which attracts more than 1.5M visitors. The surrounding 5-mile area has experienced population growth of nearly 20% since 2010 and has been bolstered by economic development which includes King’s Landing, a future mixed-use development comprising 200+ residential units, a 140-key hotel and 50,000+ square feet of restaurant and retail space located near the Asset. Fort Pierce’s coastline location between two of the most affluent communities in the region, Vero Beach and Jupiter, will continue to attract for residents, businesses, and developers as Florida’s population surge continues.

CVS (the “Tenant”), a BBB rated S&P 100 company, is operating on a 25-year net lease with over 11 years of remaining term and minimal landlord responsibilities. This offering presents a passive income opportunity for investors seeking long-term cash flow backed by market-leading tenancy in a growth region with strong real estate fundamentals.