Positioned at a high-traffic, signalized hard corner, this asset is located directly across the street/adjacent to major drivers of foot traffic like Publix, LA Fitness, TJ Max, PNC Bank, Bank of America…etc. Located at the prime intersection of St. Augustine Rd and University Blvd, the site commands exceptional visibility with a combined volume exceeding +42,190 VPD. The investment's strength is further solidified by CVS recent lease extension to 20 years in 2020, a powerful signal of long-term commitment to this specific location.
Featuring a corporate-backed, Absolute NNN lease, the offering provides a truly 'hands-off' ownership experience through November 2040. With approximately 14 years of firm term remaining and 5% rental increases in each option period, this asset offers a secure, passive income stream and a built-in hedge against inflation.
License #: SL3463209 (FL)
(305) 395-6972daniel.gonzalez@matthews.com