Recently Sold – CVS, Miami, FL

Thomas Company is pleased to announce the successful sale of a Zero Cash Flow CVS Pharmacy located in Miami, Florida. The building totals 12,900 square feet of retail space on 1.43 acres and is backed by a bondable absolute triple-net lease with no landlord responsibilities and over 20 years of term remaining. The property was offered at approximately $11.5 million and structured as a zero-cash flow investment with a paydown/re-advance feature, allowing an investor to meet a larger 1031 exchange requirement with limited equity and cash out additional equity tax-free.

Key Highlights

• Located in the high-growth Miami metropolitan area, the property benefits from strong demographics, including high average household incomes and a dense population base. The fully amortizing nature of the loan and high leverage potential make this investment especially attractive for buyers seeking tax-efficient opportunities.
• With strong corporate credit (S&P: BBB), CVS Health Corporation is one of the largest pharmacy health providers in the United States. The company’s scale, diversified operations, and established customer base provide a solid foundation for long-term lease stability.

For more information on similar investment opportunities, please contact Ben Smith at Thomas Company.