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Weeki Wachee, Fla. — There are approximately 24 years remaining on the lease.
The Boulder Group has completed the sale of a single-tenant CVS property in Weeki Wachee for $5.1 million. The 10,908-square-foot retail building is located on four acres of land. CVS has operated at this location since 2002 and executed a new 25-year lease that began in March 2014. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Northeast-based real estate investment firm. The buyer was a private individual based in the Southwest. There are approximately 24 years remaining on the lease. The lease is absolute triple net and features five 5-year renewal option periods.