9920 Garvey Ave
El Monte, CA 91733
CVS | Corporate Guarantee | Los Angeles, MSA · Retail Property For Sale
PROPERTY FACTS
ABOUT 9920 GARVEY AVE , EL MONTE, CA 91733
About CVS Pharmacy: CVS Pharmacy is a subsidiary of the American retail and health care company CVS Health, headquartered in Woonsocket, Rhode Island. It was also known as, and originally named the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation since its inception until its current parent company CVS Health was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. As the retail pharmacy division of CVS Health, it ranks as the 7th largest U.S. corporation according to Fortune 500 in 2016. CVS Pharmacy's leading competitor Walgreens Boots Alliance ranked 37th. CVS is traded on the NYSE under the symbol CVS with a market capitalization of $67 Billion. Rent Holiday: This lease includes a three year rent holiday from January 31, 2029 to January 31, 2032 during which time, the landlord continues to have zero responsibilities, but CVS does not pay the landlord rent. The seller is discounting the price of this property to compensate for the rent holiday. The calculation is based on the Net Present Value of the future rent payments today.
PROPERTY TAXES
| Parcel Number | 8102-001-028 | Improvements Assessment | $3,492,430 |
| Land Assessment | $1,773,247 | Total Assessment | $5,265,677 |
