Excellent retail location: Situated near Interstate 75 within Lake City’s high- traffic, leading retail area, the Property is an outparcel to an under construction shopping center anchored by Hobby Lobby, Dick’s Sporting Goods and Ross Dress For Less. This location is near other retailers including Lake City Mall, Walmart, Publix, Lowe’s and Home Depot.
Attractive investment: This long-term lease features rare rent increases within options and minimal landlord responsibilities. Florida has no state income tax, which provides a low tax burden for the investor.
Established tenant: This lease features a corporate guarantee with CVS/pharmacy, America’s leading retail pharmacy. CVS/pharmacy operates more than 9,500 retail drug stores and 1,100 walk-in medical clinics.
Expanding trade area: Approximately 14,000 households and nearly 35,000 people with an average household income greater than $54,000 live within five miles of the Property.