1031-Exchange in a premium retail CVS center
- $8,402,000
1031-Exchange in a premium retail CVS center
- $8,402,000
Description
| Retail: CVS | 11+yr Corp Abs NNN14426 Palmdale Rd 12,900 SF Retail Building Victorville, CA 92392 ($651.32/SF) 6.15% Cap Rate $8,402,000 |
RETAIL CVS OPPORTUNITY
RETAIL INVESTMENT HIGHLIGHTS
- 11+ Years Lease Term Remaining | Renewal Options |Corporate Guaranty (NYSE: CVS | S&P: BBB)
- Dense Retail Corridor | Top-Performing Store
- Signalized, Hard Corner Intersection | Excellent Access & Visibility
- Absolute NNN Lease Structure | No Landlord Responsibilities
- Direct Residential Consumer Base | Strong Demographics
- Inland Empire MSA | Established, Growing Sub Market
EXECUTIVE SUMMARY
| Retail 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. |
| PROPERTY FACTS Sale Type Investment NNN Property Type Retail Property Subtype Drug Store Building Size 12,900 SF Building Class B Parking 74 Spaces (5.74 Spaces per 1,000 SF Leased) Frontage 275’ on Palmdale Rd Opportunity Zone Yes | Price $8,402,000 Year Built 2010 Price Per SF $651.32Cap Rate 6.15% NOI $516,721 Tenancy Single Building Height 1 Story Building FAR 0.18 Lot Size 1.61 AC Zoning C-2 – General Commercial |
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
PROPERTY TAXES
| Parcel Number | 3105-271-14 | Improvements Assessment | $3,768,172 |
| Land Assessment | $3,140,143 | Total Assessment | $6,908,315 |
Address
Open on Google Maps- Address: 14426 Palmdale Rd, Victorville, CA 92392
Details
Updated on August 18, 2025 at 7:45 pmContact Information
- Industrial Real Estate Now – Argossy.com
