net leased CVS in Flori

1. NET LEASED INVESTMENT OFFERING
CVS Pharmacy
1201 East Colonial Drive
Orlando, FL 32803
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Map
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
www.bouldergroup.com

3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to
any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been
prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or
representation. The information contained in this Offering Memorandum has been obtained from sources we
believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information
contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify all of the information set forth herein.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS property located in Orlando,
Florida. The 10,767 square foot CVS property was built in 1996 and features a drive-thru. There are rental escalations in
each of the four renewal options. This is a proven location for CVS as evidenced by the strong sales history and low rent to
sales ratio. Store sales in 2012 at this location have increased over 10% in comparison to 2011.
The subject property is positioned at the signalized intersection of East Colonial Drive and North Mills Avenue. The
intersection of East Colonial and North Mills experiences traffic counts in excess of 73,500 vehicles per day, and East
Colonial drive has direct access to an interchange with Interstate 4 one and one-half miles from the property. The property
is located in close proximity to downtown Orlando in a dense area with over 260,000 people living within five miles. CVS is
benefited by its location within the primary retail trade area anchored by three retail power centers; Orlando Fashion
Square (regional mall), Colonial Plaza and Colonial Marketplace. Orlando Fashion Square is anchored by JCPenney, Macy’s,
Dillard’s and Sears. Adjacent to Orlando Fashion Square is Colonial Marketplace anchored by Target, Office Max and LA
Fitness and Colonial Plaza featuring Marshalls, Staples, Old Navy, Hobby Lobby, PETCO, Pier 1 Imports and Ross Dress for
Less. Other major retailers in the area include Publix grocery store, Bed Bath and Beyond, and Sports Authority.
The original CVS lease term was for 20 years with four 5-year renewal options and the lease expires in December 2016.
CVS is a publicly traded company on the New York Stock Exchange (CVS), with a market capitalization of $58 billion. CVS is
an investment grade rated company with a Standard & Poor’s rating of BBB+.
INVESTMENT HIGHLIGHTS
• Located within a primary retail trade area of Orlando
• Strong store sales with a low rent to sales ratio
• Sales increased 10% in 2012 from 2011
• Investment grade company with an S&P Rating of BBB+
• Drive-thru location
• Over 260,000 people living within five miles of the property
• Rental escalations in the renewal option periods
• Located at a signalized intersection with traffic volumes in
excess of 73,500 vehicles per day
• Nearby retailers include Target, JCPenney, Macy’s, Marshalls,
Old Navy, LA Fitness and Bed Bath and Beyond
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $2,757,687
Cap Rate: 8.00%
Rent Schedule: NOI Escalation Date
$220,615
$225,912 12/6/2016 (Option 1)
$231,209 12/6/2021 (Option 2)
$236,506 12/6/2026 (Option 3)
$241,803 12/6/2031 (Option 4)
Renewal Options: Four 5-Year
Lease Commencement Date: December 6, 1996
Lease Expiration Date: December 5, 2016
Tenant: CVS
Credit Rating: BBB+
Year Built 1996
Lease Type: NN (Roof and Structure)
Rentable Square Feet: 10,767 SF
Land Size: 37,461 SF
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
www.bouldergroup.com

7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
www.bouldergroup.com

8. MAP
NET LEASED INVESTMENT OFFERING
MAP
www.bouldergroup.com

9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
CVS is engaged in the retail drugstore business. As of September 2011, the Company operated 7,381 locations in
41 states and Puerto Rico. CVS is the nation's second-largest drugstore chain and the third-largest pharmacy
benefits manager. As a retail division of CVS Caremark, CVS retail locations sell prescription drugs and a wide variety
of general merchandise including over-the-counter medication, beauty products and cosmetics, film and photo
finishing services, seasonal merchandise and convenience foods. CVS also offers healthcare services through their
MinuteClinic locations, most of which are located within their stores. CVS is headquartered in Woonsocket, Rhode
Island and was founded in 1963.
Website: www.cvs.com
Number of Locations: 7,381
Stock Symbol: CVS : NYSE
Standard & Poor’s Rating: BBB+
Market Capitalization: $58 billion
Employees: 80,000
www.bouldergroup.com

10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi. 3-mi 5-mi
Total Population 13,165 93,460 265,132
Total Households 7,538 42,381 108,712
Income
Median Household Income $48,201 $46,911 $44,197
Average Household Income $64,898 $63,023 $58,385
www.bouldergroup.com

11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Orlando is the fifth largest city and the largest inland city in the state of Florida. At the
time of the 2010 U.S. Census, Orlando had a population of 238,300 and the Orlando
Metropolitan Area had a population of 2,134,411, making Orlando the 26th largest
metropolitan area in the United States and the third largest in Florida.
Orlando experiences a large and diversified economy. The city is a major industrial hi-
tech center, experiences 51 million tourist a year to their multiple theme parks and is
home to University of Central Florida, which is the largest university in the United States
in terms of enrollment (60,000 students). Orlando’s economy benefits from a large
concentration of technology, aviation, aerospace and software design. More than 150
international companies have facilities in Orlando and they employ over 50,000 people.
Orlando is also home to the simulation procurement commands for the U.S. Army, Navy, Air Force, Marines and
Coast Guard. Orlando’s economy also benefits from Walt Disney World Resort, Universal Orlando Resort and
SeaWorld Orlando. These theme parks attract tourist from all over the world making Orlando one of the most
visited cities in America.
www.cityoforlando.net
www.bouldergroup.com

12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road Suite 1801
Northbrook, IL 60062
Randy Blankstein Jimmy Goodman
President Partner
847.562.0003 847.562.8500
rblank@bouldergroup.com jimmy@bouldergroup.com
www.bouldergroup.com