1190 N Main St - Drug Store FOR SALE


Manteca, CA 95336- East Manteca
$3,625,000 USD
586-804-8449
1190 N Main St, Manteca, CA for Sale
$3,625,000 USD
Drug Store - FOR SALE
1/5
null | 4% Cap Rate

1190 N Main St
Manteca, CA 95336
East Manteca


HIGHLIGHTS

  • Proximity to Major Highways: Strategically Located Near Highway 99 (74,000+ VPD) and Highway 120 (84,000+ VPD), Providing Exceptional Regional Access
  • Population within a 5-mile Radius has Grown by Over 10% Since 2010, with Continued Projected Growth of 5.5% Over the Next Five Years
  • Dense, Growing Trade Area: Located in Manteca, Part of the Rapidly Expanding Central Valley Region, with Over 115,000 Residents within a 5-Mile Radius
  • Surrounding National Retailers: Neighboring Tenants Include SaveMart, 7/11, Carl's Jr, Jack in the Box, & More

OVERVIEW

Corporate Guarantee: Leased to CVS Pharmacy (NYSE: CVS), an Investment-Grade Tenant (S&P: BBB) with Over 9,000 Locations Nationwide. Extremely Below-Market Rent: Tenant is Paying $5.55 PSF, Significantly Below the Market Average of $22.28 PSF—Offering Substantial Future Upside While Minimizing Downside Risk. High Barrier-to-Entry Location: Limited Supply of Comparable Retail Properties Along the North Main Street Corridor with Strong Surrounding Demographics & Retail Demand.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

Commercial

APN/PARCEL ID

218-210-07

ASK ABOUT THIS PROPERTY

Robert MichilElevate Net Lease, LLCMore Info
586-804-8449

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Robert MichilElevate Net Lease, LLCMore Info
586-804-8449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.