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Infill High Ranking CVS in LA 2419 Workman St 14,893 SF Retail Building Los Angeles, CA 90031 $9,730,000 ($653.33/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long-Standing, High-Performing CVS Location (24+ Years of Operating History)
  • Below-Market Rent Position Offers Built-In Upside
  • High-Density, Urban Infill Location in Central LA (Lincoln Heights)
  • Investment Grade Credit – CVS Health Corporation (NYSE: CVS)
  • Rare Urban Infill Site with Dedicated Parking
  • Essential, Recession-Resistant Retail Use

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,893 SF
Building Class
C
Year Built
2000
Price
$9,730,000
Price Per SF
$653.33
Cap Rate
5%
NOI
$486,500
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.41
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
C4 - Commercial Zone
Parking
34 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
112’ on Workman St

AMENITIES

  • Corner Lot
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

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.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Big Saver Foods
East West Bank
King Taco Restaurant Inc
Yoshinoya
Smart & Final
Bank of America
U.S. Bank
Starbucks
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5204-012-019
Land Assessment
$2,388,967
Improvements Assessment
$5,457,689
Total Assessment
$7,846,656
  • Listing ID: 36026556

  • Date on Market: 5/29/2025

  • Last Updated:

  • Address: 2419 Workman St, Los Angeles, CA 90031

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