4501 W Slauson Ave
Los Angeles, CA 90043
CVS | 10 Yr Lease | 10% Increase 2023 · Retail Property For Sale

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a CVS in Los Angeles, California. This CVS store has approximately 10 years left on the initial lease term with five (5-year) options to follow. Next option begins July 2028. Property to be delivered free and clear of debt. The lease allows for approximately ten percent (10%) increases every five years in the initial term and in the options. Rent increases to $398,840 in July of 2023. The subject property is located at the signalized northwest corner of West Slauson Avenue and Overhill Drive with an approximate traffic count of ±53,179 cars per day. The store is located about two miles directly east from Interstate 405 (334,000 vehicles daily) at the West Slauson Avenue exit. Exceptional infill real estate, located just 5 miles from Los Angeles International Airport (LAX) and 9 miles from Downtown Los Angeles. There are approximately 23,394 residents in a one-mile radius, 284,338 in a three-mile radius and over 1,000,000 residents in a five-mile radius. The subject property is located near the 298-acre Los Angeles Stadium and Entertainment District, the new home of the Los Angeles Rams and Chargers. Other attractions and landmarks nearby include UCLA, La Brea Tar Pits, USC, Staples Center, Dodger Stadium, The Getty Museum, Hollywood and Disneyland Resort.