Log In/Sign Up
Your email has been sent.
CVS Pharmacy | Absolute NNN Ground Lease 42150 Jackson St 12,900 SF Retail Building Indio, CA 92203 $4,095,000 ($317.44/SF) 5% Cap Rate
Investment Highlights
- Rare Corporate-Backed Absolute NNN Ground Lease with CVS Health, Offering Zero Landlord Responsibilities
- 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
- High Visibility, Signalized, Corner Location at the Intersection of Jackson Street and 42nd Avenue (±25,000 Cars Per Day)
Executive Summary
--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
-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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2008
Price
$4,095,000
Price Per SF
$317.44
Cap Rate
5%
NOI
$204,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.58 AC
Parking
73 Spaces (5.66 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 692-050-013 | Improvements Assessment | $3,077,750 |
| Land Assessment | $2,511,132 | Total Assessment | $5,588,882 |
Property Taxes
Parcel Number
692-050-013
Land Assessment
$2,511,132
Improvements Assessment
$3,077,750
Total Assessment
$5,588,882
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
CVS Pharmacy | Absolute NNN Ground Lease | 42150 Jackson St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.