MIAMI-Navarro Discount Pharmacy, the largest Hispanic-owned drugstore chain in the US, inked a new lease deal on a 14,000-square-foot store at 13250 Biscayne Blvd. in North Miami. When the store opens this summer, it will be Navarro’s 29th location and first new store opening since 2007.

“Expanding into North Miami is part of our three-year growth plan which includes adding new store locations and remodeling existing locations,” says Steve Kaczynski, CEO, Navarro Discount Pharmacy. “Being in North Miami will allow us to reach out to introduce our successful community pharmacy and discount model to additional ethnic groups and expand our loyal customer base.”

According to Paul J. DiBrito, Navarro’s Director of Real Estate and Construction, the growth plan includes adding as many as 20 new store locations in Miami-Dade, Broward and Palm Beach Counties over the next three years, as well as remodeling up to five existing store locations annually. Three existing stores, including Hialeah Gardens, were already remodeled in the last 12 months.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.