CVS - 6005 Saint Augustine Road - Jacksonville, FL

Recent Long Term Extension: CVS recently extended its lease by 20 years, pushing the expiration date to November 2040.
Absolute NNN Structure: Zero landlord obligations; the tenant is responsible for all capital expenditures, operating expenses, taxes, and insurance, providing a fully passive investment.
Hedge Against Inflation: Includes 5% rental increases every five years throughout the Five (5), 5-year option periods, providing a consistent hedge against inflation.
Strategic Hard-Corner Positioning: Ideally situated at a high-visibility, signalized intersection with traffic counts exceeding ±65,500 Vehicles Per Day.
Superior Demographic Profile: Located in a high-growth residential corridor with average household incomes exceeding $103,000 within a 3-mile radius.
Thriving Jacksonville Market: Jacksonville, FL has officially become the most populous city in Florida and now ranks as the 10th largest in the United States, ranking as the #2 strongest job market in the nation. The city has transformed into a premier corporate hub, attracting over 150 regional and divisional headquarters.

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