CVS Tampa

Acquired by Long Term Capital (LTC) in 2018, 2911 East Fowler Avenue in Tampa, Florida, is a prominent retail property encompassing an 11,062 square foot building fully leased to CVS, a nationally recognized retail pharmacy chain. This acquisition reflects LTC's strategic foresight in securing properties with stable and long-term tenancy.

Positioned on a generous 1.56-acre lot, the property offers ample space not just for the building but also for extensive customer parking, a key feature for a high-traffic retail business like CVS. The building's layout and size are ideally suited to accommodate the operational needs of a retail pharmacy, including a spacious sales floor, storage areas, and pharmacy counters, all designed to ensure an efficient and customer-friendly shopping environment.

The location of 2911 East Fowler Ave is a significant asset. Situated in a high-traffic area of Tampa, the property enjoys excellent visibility and easy accessibility, making it a convenient destination for shoppers. Its proximity to residential areas, business centers, and major roadways enhances its appeal and accessibility, contributing to a steady stream of customers.

The full lease of the property to CVS underscores its attractiveness in the competitive retail market, offering LTC a reliable and consistent return on investment. CVS's strong brand presence and customer loyalty further solidify the property's value as a retail location, making it a valuable asset in LTC's real estate portfolio.

2911 East Fowler Avenue represents LTC's ability to identify and capitalize on prime real estate opportunities in the retail sector. The property's strategic location, combined with its strong tenant covenant and the foresight of LTC's acquisition strategy, makes it a noteworthy investment in the Tampa retail landscape.