14426 Palmdale Rd - Drug Store FOR SALE


Victorville, CA 92392
$8,402,000 USD
917-336-9067
14426 Palmdale Rd, Victorville, CA for Sale
$8,402,000 USD
Drug Store - FOR SALE
1/10
null | 6.15% Cap Rate

14426 Palmdale Rd
Victorville, CA 92392


HIGHLIGHTS

  • 11+ Years Lease Term Remaining | Renewal Options |Corporate Guaranty (NYSE: CVS | S&P: BBB)
  • Absolute NNN Lease Structure | No Landlord Responsibilities
  • Dense Retail Corridor | Top-Performing Store
  • Direct Residential Consumer Base | Strong Demographics
  • Signalized, Hard Corner Intersection | Excellent Access & Visibility
  • Inland Empire MSA | Established, Growing Sub Market

OVERVIEW

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in a CVS Pharmacy located in Victorville, California. Backed by a corporate guaranty from CVS Caremark Corporation, a wholly owned subsidiary of CVS Health (NYSE: CVS | S&P: BBB), one of the largest and most financially secure retail pharmacy operators in the U.S. with over 9,000 locations nationwide and an investment-grade credit rating from S&P. The lease features more than 11 years of remaining term and ten (10) five-year renewal options, 8 of which feature FMV rent increases. Structured as an absolute NNN lease, the tenant is responsible for all expenses, making this a passive, low-management investment opportunity with stable long-term cash flow.

FOR SALE DETAILS

PRICE

$8,402,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 11+yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

C-2

APN/PARCEL ID

3105-271-14

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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