June 2023

Recently Sold – Navarro Pharmacy (CVS), Hialeah, FL

Exterior of a recently sold Navarro Discount Pharmacy (CVS) store with a bright yellow facade, located at the corner of a street in Hialeah, FL, under a clear blue sky

Thomas Company is pleased to announce the successful closing of a Navarro Discount Pharmacy located in Hialeah, Florida (Miami MSA). This leasehold interest property totals 16,947 square feet of retail space with over 17 years of term remaining. This property featured an absolute triple-net lease with no landlord responsibilities and over 52 years of ground control remaining. The list price for this property was approximately $6 million.

Key Highlights

  • CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.
  • Hialeah is a city in Miami-Dade County, and the 6th largest city in Florida. It is the second largest city by population in the Miami metropolitan area, which was home to an estimated 7,000,000 people. Miami Metro is one of the top 10 largest metropolitan areas in the United States.