25272 Marguerite Pky - Drug Store FOR SALE


Mission Viejo, CA 92692
$12,060,000 USD
310-780-5357
25272 Marguerite Pky, Mission Viejo, CA for Sale
$12,060,000 USD
Drug Store - FOR SALE
1/8
null | 4.25% Cap Rate

25272 Marguerite Pky
Mission Viejo, CA 92692


HIGHLIGHTS

  • Current Rent is likely well Below Market at $1.75/SF and Adjusts to Fair Market Value in All Ten, 5-Year Options
  • Prime Orange County Location
  • High Performing Store - Top 6% store nationwide, according to placer.ai     
  • Average Household Income 1 Mile exceed $179K     
  • Absolute NNN Corporate Lease

OVERVIEW

This exceptionally well-located CVS has been renovated by the tenant with new HVAC, new Wellness Room (one of less than 100 such rooms in the country where CVS conducts clinical trials), recently added Minute Clinic and Health Hub, full Beer and Wine section, and additional upgrades. This absolute NNN corporately guaranteed lease has approximately 6 years remaining on the primary term. There are ten, 5-year renewal options, all at Fair Market Value, providing the probability of significant upside, and inflation protection in the future. This 24-hour store has a larger footprint than a typical CVS,that includes a full beer and wine selection..  The store sits on a large, 2.71 acre parcel and is in a prime, upscale Orange County, CA city.  Seller will provide a dollar for dollar credit for the free Rent Holiday.  Per Placer.ai, this location ranks among the top 6% of all CVS stores in the country. The shopping center where the CVS is located is in the planning stages of being substantially enhanced by the City of Mission Viejo, which has its city offices across the street. Other uses in the center and area include Trader Joes, Panda Express, Carl’s Jr., California Pizza Kitchen, Panera Bread, Chipotle, Walgreens and many more.

FOR SALE DETAILS

PRICE

$12,060,000 USD

PRICE/SF

$496 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

-

APN/PARCEL ID

782-011-59

ASK ABOUT THIS PROPERTY

310-780-5357

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310-780-5357

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