STREAM Capital Partners > Properties > All Properties > CVS

CVS

Net Lease

14430 E SR 64, Bradenton, Florida
Ownership Type:
Fee Simple
Price:
$12,762,626
Cap Rate:
5.75%
Current Rent:
$733,851
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
6, 5 Year
Building Sq. Ft.:
13,111 SF
Rent Increases:
10% in Options
Site Size:
1.43 Acres

Investment Highlights

  • LONG-TERM COMMITMENT: CVS recently executed a brand-new 20-year lease, with 6 (5-year) renewal options, demonstrating their long-term commitment to the site
  • STRONG CORPORATE GUARANTEE: CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), is America’s leading retail pharmacy with 9,000 retail locations, more than 1,000 walk-in and primary care medical clinics
  • ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
  • #2 MASTER-PLANNED COMMUNITY IN AMERICA: Lakewood Ranch has been ranked the nation’s top-selling multigenerational master-planned community for eight consecutive years, with 2,085 new-home sales in 2025 ranking it #2 among all U.S. master-planned communities.
  • RENTAL INCREASES: The lease features 10% rental increases at the beginning of each option period
  • AFFLUENT SURROUNDING DEMOGRAPHICS: Located in the growing Lakewood Ranch community within the Sarasota–Bradenton MSA, the property is anchored by a prosperous customer base, with average household incomes exceeding $189,000 within a 1-mile radius.
  • SITUATED ON A HIGH-VISIBILITY HARD CORNER: Positioned on the hard corner at the southwest corner of State Road 64 and Lorraine Road, the property offers outstanding frontage and visibility at a prominent roundabout intersection. Located along State Road 64 — the primary east-west corridor connecting Lakewood Ranch to I-75 and downtown Bradenton — the site benefits from traffic counts exceeding 62,000 (combined) vehicles per day, providing excellent accessibility and exposure within one of the area’s main commuter routes.
  • ROBUST & EXPANDING MSA: The property sits within the North Port–Sarasota–Bradenton MSA, one of Florida’s fastest-growing metros, with a population approaching 950,000 and real GDP projected to surpass $51 billion by 2028
Ownership Type:
Fee Simple
Price:
$12,762,626
Cap Rate:
5.75%
Current Rent:
$733,851
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
6, 5 Year
Building Sq. Ft.:
13,111 SF
Rent Increases:
10% in Options
Site Size:
1.43 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Ben Hollis

Senior Associate
256.595.2574[email protected]

Broker of Record: Sasha Santamaria-Lindo, Lic. #0225267271

You May Also Be Interested In

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to .

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here