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700 S Gaffey St
San Pedro, CA 90731
CVS- Los Angeles, CA - Rare Rent Increases · Retail Property For Sale
Investment Highlights
- RARE RENT INCREASES DURING THE INTITAL TERM – Lease provides for 7.5% rent increases every 5 years during both the initial terms and renewal options
- BBB CREDIT RATING BY STANDARD & POOR'S – Tenant’s parent company is publicly traded on the NYSE & reported annual revenues in excess of $268B in 2020
- HARD CORNER LOCATION ON GAFFEY STREET – Ideally positioned along the area's main retail and traffic thoroughfare (55,000 vpd)
- ABSOLUTE NET LEASE STRUCTURE – Zero landlord responsibilities for operating or capital expenses
- POSITIONED AT THE FOOT OF THE AFFLUENT PALOS VERDES PENINSULA - Average household income exceeds $103,000 within a 3 mile radius
- DRIVE-THRU PHARMACY AND LIQUOR SALE– In additional to the typical beer and wine sales, the site includes a full liquor license
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,472 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.15 AC
Zoning
C2, Los Angeles
Parking
48 Spaces (3.32 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $114,444 | |
| Land Assessment | $3,641,400 | Total Assessment | $3,755,844 |
Property Taxes
Parcel Numbers
Land Assessment
$3,641,400
Improvements Assessment
$114,444
Total Assessment
$3,755,844
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