Northmarq’s Investment Sales team secures $6.9M sale of Tampa-based CVS pharmacy
TAMPA, Fla. — Northmarq’s Chicago Investment Sales team, led by Joshua Dicker and Bryn Feller, arranged the $6.9 million sale of a CVS pharmacy located at 4401 W. Gandy Blvd in Tampa, Florida.
Northmarq represented the seller in the transaction.
“Despite the turbulence in the capital markets, we ran a process built around our client's timeline,” Dicker said. “Our client had already identified their replacement property before we went to market, so the priority was getting the CVS sold in time for them to complete their exchange. We found an all-cash 1031 buyer with a very short due diligence time frame and closed on schedule.”
The single-tenant asset is leased to CVS Pharmacy, one of the nation's largest pharmacy and healthcare retailers. Drugstore properties continue to attract investor interest due to their essential-service nature and resilience across market cycles.
The 13,145-square-foot CVS Pharmacy sits on a 1.61-acre parcel along West Gandy Boulevard, a major retail corridor connecting South Tampa to the broader Tampa Bay metro. Built in 2009, the property benefits from strong visibility and accessibility within one of Florida's fastest-growing metro areas.
Its strategic location established tenant presence and consistent cash flow profile helped position the property as a compelling net-leased investment opportunity.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
