CVS Pharmacy (Dark)
13991 North Cleveland Avenue | North Fort Myers, Florida 33903
James Garner, CCIM
First Vice President InvestmentsJames.Garner@MarcusMillichap.com
Jim Shiebler, CCIM, CEC
First Vice President Investments
Over 63,000 Vehicles Per Day at the Intersection of US-41 and Pondella Road
Corporate Guarantee by CVS Pharmacy
Over 9 Years Remaining on this Lease
This Property benefits from a prime location at the signalized intersection of US-41 and Pondella Road which is known for its high traffic count of over 63,000 vehicles per day. US-41 is one of the main thoroughfares through Fort Myers for daily traffic allowing for high exposure to daily traffic.
CVS is a leader in the drug store and pharmacy industry with over 9,800 locations open nationwide. This lease is corporately guaranteed by CVS Pharmacy with a credit rating of BBB-plus by S&P Credit Ratings and over 8 years remaining on this lease.
The Property is surrounded by extremely dense neighborhoods filled with single-family homes, as well as numerous credit tenants along this retail corridor. Giving the property an extremely strong demand bases within a 1-mile radius.
The Fort Myers area is booming with development and attracts new residents and visitors year after year. The area is a popular beach destination and also the home of state parks and wildlife preservation areas. Fort Myers is home to some of Florida's most prestigious healthcare systems, making it not only an area for beach-goers, but for trusted medical care. The surrounding areas of Sarasota and Naples are also pushing development from both ends.