$10,811,000 USD
714-393-2552
2419 Workman St
Los Angeles, CA 90031
Montecito Heights
HIGHLIGHTS
- Long-Standing, High-Performing CVS Location (24+ Years of Operating History)
- Investment Grade Credit – CVS Health Corporation (NYSE: CVS)
- Below-Market Rent Position Offers Built-In Upside
- Rare Urban Infill Site with Dedicated Parking
- High-Density, Urban Infill Location in Central LA (Lincoln Heights)
- Essential, Recession-Resistant Retail Use
OVERVIEW
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in a long-standing, high-performing CVS Pharmacy located at 2419 Workman Street in Los Angeles, California (Lincoln Heights). This rare urban infill asset is backed by a corporate lease with CVS Health (NYSE: CVS), a Fortune 500 company ranked #6 in 2024 with over $350 billion in revenue and investment-grade (S&P: BBB) credit ratings from all major agencies.
FOR SALE DETAILS
PRICE
$10,811,000 USD
PRICE/SF
$706 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Infill High Ranking CVS in LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,024 SF
ZONING
C4
APN/PARCEL ID
5204-012-019
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714-393-2552
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714-393-2552
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