42150 Jackson St - Drug Store FOR SALE


Indio, CA 92203
$4,095,000 USD
949-350-5431
42150 Jackson St, Indio, CA for Sale
$4,095,000 USD
Drug Store - FOR SALE
1/7
null | 5% Cap Rate

42150 Jackson St
Indio, CA 92203


HIGHLIGHTS

  • Rare Corporate-Backed Absolute NNN Ground Lease with CVS Health, Offering Zero Landlord Responsibilities
  • High Visibility, Signalized, Corner Location at the Intersection of Jackson Street and 42nd Avenue (±25,000 Cars Per Day)
  • Situated Near the Indio Towne Center, a ±560,000 SF Major Regional Retail Hub Anchored by Home Depot, WinCo Foods, ULTA Beauty, Petco, and Many More

OVERVIEW

--Corporate-Guaranteed Ground Lease-- -Over 8 Years Remaining on the Primary Lease Term Through January 2034, Plus Six, Five-Year Renewal Options Extending Potential Occupancy Through 2064 -CVS Pharmacy is One of the Largest Healthcare Companies with Over $402 Billion in Annual Revenue, Approximately 9,000 Retail Locations, and a Fortune #6 Ranking -Established Location with 17+ Year Operating History – CVS Has Operated at This Location Since 2008, Demonstrating Strong Site Commitment --Strong Market Fundamentals-- -Affluent, Dense Infill Trade Area with Average Household Incomes Exceeding ±$128,000 Within One Mile and a Population of Over 138,900 Residents Within Five Miles -Located Less than Five Miles from the Coachella and Stagecoach Festival Grounds, Which Draw Approximately 325,000+ Attendees Annually Across Three Festival Weekends Alone -Indio Is the Most Populous City in the Coachella Valley, and is Centrally Located Within Coachella’s Nine-City Region of Over 500,000 Residents, Benefiting from Year-Round Tourism, Major Festivals (Coachella, Stagecoach), and a Growing Permanent Resident Base

FOR SALE DETAILS

PRICE

$4,095,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

-

APN/PARCEL ID

692-050-013

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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