CVS Pharmacy In The Heart of Tampa MSA

Colliers is pleased to present for a rare opportunity to acquire a single-tenant net lease property occupied by a high-performing CVS Pharmacy located at 7405 Starkey Road, Seminole, FL. Strategically positioned at the signalized intersection of Park Boulevard and Starkey Road, this site offers premium visibility and accessibility in one of the most trafficked corridors of Pinellas County.

This 11,200 SF freestanding CVS sits on a prime retail parcel and boasts exceptionally high-volume store sales, with revenue growth of 32% from April 2020 through April 2024 - a testament to the strength and stability of this location. The consistent year-over-year sales increases underscore the critical nature of this store within CVS’s national footprint.

The tenant currently operates under a Triple Net (NNN) lease at a market rental rate of $20.78 per square foot, with 2.2 years remaining on the primary lease term. Additionally, CVS holds two (2) remaining five-year renewal options, offering long-term flexibility and continued value potential for the next investor.

This offering represents an exceptional opportunity to acquire a top-tier net lease asset with outstanding fundamentals, a history of performance, and significant upside potential through future lease renegotiation or repositioning.