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


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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

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