| Purchase Price | $6,800,000 |
|---|---|
| Annual Rental Income | $357,600 |
| Cap Rate | 5.26% |
| Lease Term | 19 Years |
| City | Clermont |
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CVS Pharmacy – Clermont, FL
This CVS Pharmacy property located in Clermont, Florida is supported by a long-term absolute triple-net (NNN) lease with CVS Health, one of the most established and creditworthy pharmacy retailers in the country. The asset offers stable, passive income with zero landlord responsibility, backed by a national tenant providing essential healthcare and retail services.
Tenant Overview
CVS Pharmacy is a subsidiary of CVS Health (NYSE: CVS), a Fortune 500 company with over 9,000 retail pharmacy locations across the U.S. CVS stores provide a full suite of healthcare services, including prescription fulfillment, immunizations, wellness products, front-end retail, and basic grocery offerings. The company continues to evolve with integrated healthcare solutions, making its locations indispensable in both suburban and urban settings.
Lease Structure
This property operates under an absolute NNN lease, where the tenant is fully responsible for all real estate taxes, insurance, maintenance, and capital repairs. The structure creates a passive investment opportunity with predictable long-term income. CVS leases typically include multiple renewal options and corporate guarantees, reinforcing long-term tenant commitment and income security.
Clermont Market Overview
Clermont is located in Lake County, Florida, just west of Orlando. Known for its rolling hills, growing residential communities, and proximity to Central Florida’s economic core, Clermont is one of the fastest-growing cities in the Orlando metro area. The city attracts families, retirees, and working professionals, offering excellent schools, modern healthcare infrastructure, and vibrant retail corridors.
Demographics & Growth Drivers
Clermont’s population has expanded rapidly over the past decade, driven by suburban migration from Orlando and surrounding counties. The area boasts a high median household income and a well-educated workforce. With continued residential and commercial development, demand for essential healthcare and retail services has increased substantially—supporting high traffic to CVS and similar national retailers.
Community Role & Relevance
CVS serves a key role in the Clermont community by providing accessible healthcare, prescriptions, and daily necessities in one convenient location. The store draws regular visits from residents seeking both medical and general retail items, helping ensure consistent foot traffic and strong sales performance. As healthcare continues to shift toward neighborhood-based services, CVS remains at the forefront of this transformation.
Tenant Credit & Investment Security
CVS Health is one of the most financially stable and operationally resilient tenants in the net lease space. Its consistent earnings, national footprint, and growing integration into primary care delivery make it a reliable long-term occupier. With no landlord responsibilities, this lease structure is ideal for investors seeking hands-off income with minimal risk.
Investment Highlights