Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement

Key Facts

Year Built 2017
Lease Type NNN
Current / Passing Rent
Lease Expiration 2043-01-31
Remaining Term 22 years, 6 months
Tenant CVS Health
Guarantor CVS Health
Building Area
Land Area

Property Description

JLL is pleased to offer for sale the fee-simple interest in a single-tenant CVS Pharmacy in El Centro, California. The property was built in 2017 and is leased to CVS, a leading retail pharmacy chain in the United States. Strategically located on the hard corner of Imperial Avenue and Aurora Drive with no nationally recognized retail pharmacies in a one-mile radius, the property possesses unrivaled market share and excellent exposure along a highly-trafficked thoroughfare.


The property is subject to assumable CTL financing, creating a substantial tax shelter against earned income from other investments. This offering presents a unique opportunity that allows exchange buyers to satisfy equity and debt portions of their exchange and extract excess equity over the required purchase equity without tax liability.

Investment Highlights

  • Long-term absolute triple-net lease
  • Ten, 5-year renewal options
  • Over 23 years remaining primary lease term
  • Zero landlord responsibilities
  • Revenue with $195 billion in annual sales and over 9,900 retail locations
  • Investment-grade ‘BBB’ credit rating from Standard & Poor’s


Adam Friedlander
Adam Friedlander
Director, Capital Markets
License details
CA - 1806555

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+13129406848

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.