Search Results for 

2636 Marconi Avenue - CVS, Sacramento, CA

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
2636 Marconi Avenue - CVS

Sacramento, CA 95821-5106 - Arden/Watt/Howe Ret Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2013
Building Size:15,000 SF Land Area:1.13 AC (49,223 SF)
For Sale Price:$4,777,777 Price/SF:$318.52
Cap Rate:4.50 %
Parking:Free Surface spaces are available; Ratio of 2.86/1,000 SF
Features:Signalized Intersection, Drive Thru

Sale Notes:
The subject property is a newly developed 15,000-square foot CVS Pharmacy with a drive thru ground lease located in Sacramento, California. There are 23+years remaining on the absolute triple-net (NNN) corporate guaranteed ground lease (no landlord responsibilities) including eight 5-year options to extend. The ground lease includes 5% rental increases at each option period. CVS Health Corporation has annual revenues exceeding $139 billion (2014) and a net worth in excess of $37.12 billion (Q2 2015). The CVS can be purchase separately or in conjunction with fee simple ownership of the multi-tenant retail shopping center located directly behind the CVS property (2654 Marconi Avenue). The list price for the CVS ground lease is $5,375,000 at a 4.00% Cap Rate. The list price for the multi-tenant retail property is $6,500,000 at a 6.03% Cap Rate (Combined Purchase Price $11,875,000). The multi-tenant retail center is currently 83% occupied. The list price includes a 2-year Seller Rent Guarantee up to 100% occupancy including a CAM reimbursements guarantee for the vacancy (please request separate package for 2654 Marconi Avenue).

Marcus & Millichap Inc
Edward Nelson
(916) 724-1326

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">2636 Marconi Avenue - CVS, Sacramento, CA - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map