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CVS 4028 Lone Tree Way 13,013 SF Retail Building Antioch, CA 94531 $2,028,000 ($155.84/SF) 12.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 11 Years Remaining | Options To Extend | Investment Grade Tenant (S&P: BBB)
- Strong National/Credit Tenants | Hard Corner Intersection
- Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest ( building ownership) in an absolute NNN leased, investment grade (S&P: BBB), freestanding, CVS investment property located in Antioch, California. The tenant has over 11 years remaining with 1 (4-year) & 1 (4-year, 11 Mo) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states, District of Columbia, and Puerto Rico.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,013 SF
Building Class
B
Year Built
2010
Price
$2,028,000
Price Per SF
$155.84
Cap Rate
12.39%
NOI
$251,339
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.02 AC
Zoning
P-D - Planned Development District
Parking
92 Spaces (7.07 Spaces per 1,000 SF Leased)
Frontage
270’ on Lone Tree Way
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 072-510-001-0 | Improvements Assessment | $2,655,677 |
| Land Assessment | $2,198,095 | Total Assessment | $4,853,772 |
PROPERTY TAXES
Parcel Number
072-510-001-0
Land Assessment
$2,198,095
Improvements Assessment
$2,655,677
Total Assessment
$4,853,772
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CVS | 4028 Lone Tree Way
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