Net leased CVS Pharmacy Closes For $4,120,000.00

Net leased Press releases 

Net Leased CVS Pharmacy in Largo, FL.

                                                              

NAI Capital’s Mel Moss & Dan Spell Closes $4,120,000.00 Net leased to CVS Pharmacy in Largo, FL.

LARGO, FL – NAI Capital’s, Mel Moss, Senior Vice President and Dan Spell, Senior Vice President with NAI Capital’s West Los Angeles office represented Voyage-Largo, LLC in the purchase of a net leased CVS Pharmacy located in Largo, FL. The value of transaction was $4,120,000.00.

“Dan and I represented this investor in the purchase of two net leased drug store properties in the last three months which indicates to us that there is a demand for quality net leased properties.” said Mel Moss, Senior Vice President.

Both deals were unique opportunities for the client with the first transaction, Walgreens, offering stellar demographics with a cap rate over 8.2 and the second transaction, CVS Pharmacy, offering a great location and rental increases.