9920 Garvey Ave
El Monte, CA 91733
CVS Los Angeles Area | NNN | 13 Yrs | $5.0M · Retail Property For Sale

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a unique portfolio of three in-line CVS drugstores totaling 68,746 SF in infill areas of the greater Los Angeles area. The income on this investment is guaranteed by CVS Corporate (S&P BBB+, NASDAQ CVS). These CVS stores have approximately 13 years remaining on the initial lease terms with ten (5-year) options to follow. Next options begin January 2032. Properties can be purchased separately or as a portfolio. All three leases are on an absolute net lease basis with no landlord responsibilities whatsoever. The assets are located on highly trafficked, major arterials of their respective cities. Combined traffic count for the Compton location is 39,723 vehicles per day, for the El Monte location it is 36,035 vehicles per day, and the Ontario location it is 53,869 vehicles per day. All freeways in these locations traffic counts of over 220,000 vehicles per day. The CVS properties are located in the southern California area in densely populated in-fill areas. The Ontario and EL Monte properties are in the Los Angeles metropolitan area and the third location is approximately one-hour's drive east in Ontario. The properties have on average ±570,000 residents with an average income of $73,000 within a 5-mile radius. Compton, CA \ $9,347,848 \ 5.0% CAP \ 13 Yrs.\ $467.392 NOI Ontario, CA \ $8,891,695 \ 5.0% CAP \ 13 Yrs. \ $444,584.76 NOI El Monte, CA \ $5,090,408 \ 5.0% CAP \ 13 Yrs. \ $254,520 NOI