CVS Pharmacy | Absolute NNN Ground Lease

42150 Jackson Street, Building A, Indio, CA 92203

Property Description

Price: $4,095,000
Price Per/SF: $317.44
Land Area: ±1.58 Acres
Cap Rate: 5.00%
Gross Leasable Area: ±12,900 SF
Year Built: 2008

Investment Highlights

Rare Corporate-Backed Absolute NNN Ground Lease with CVS Health, Offering Zero Landlord Responsibilities

High Visibility, Signalized, Corner Location at the Intersection of Jackson Street and 42nd Avenue (±25,000 Cars Per Day) | Less Than ½ Mile from Interstate 10 Freeway (±115,000 Cars Per Day)

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

 

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

 

 

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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