Low Price Point CVS in LA
Offering Summary
Price: $2,417,088
Cap Rate: 6.25%
NOI: $151,068
Property Details
Rentable Area: 11,326 SF
Land Area: 1.38 AC
Investment Highlights
• Long Operating History at this Site | Approx. 25 Years
• Strong Combined Average Traffic Counts of 39,500+ VPD (Youree Dr & Kings Hwy)
• 5% Rental Increases Built into Each of the Four, 5-Year Option Periods
• Large 1.38 Acre Lot with Double Drive Thru Surrounded by Every Major Retailer
• Surrounded by Major National Tenants including Walmart, Chase Bank, McDonald’s, Starbucks, Whataburger, Taco Bell, Wendy’s, Sonic, Advanced Auto Parts, Take 5 Oil Change, Circle K, Mavis Tires & Brakes, and many more
• Absolute NNN Lease | Zero Landlord Responsibilities
• Ample Parking | Over 55 Spaces