5.02% Archives | Sands Investment Group

Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy NNN Asset Located in Los Angeles, California. CVS Has Just Under 15 Years Remaining on the Primary Term With Eight (8) By Five (5) Year Options to Extend, and Rare 10% Rental Increases at the Beginning of Each Option Period. The Drive-Thru Equipped Pharmacy is Located on the Signalized Intersection of South Atlantic Boulevard and Whitter Boulevard With a Traffic Count of 48,616 VPD. This Triple Net (NNN) Property With Landlord Responsibilities Limited to Roof and Structure, Making it an Ideal, Low-Management Opportunity For an Investor.

Long-Term Corporate Guaranteed Lease: CVS Has Just Under 15 Years Remaining on the Primary Term With Eight (8) Five (5) Year Options to Extend There Are Rare 10% Rental Increases at the Beginning of Each Option Period, and No Rent Holiday
Triple Net Lease: There Are Minimal Landlord Responsibilities, With the Tenant Responsible For CAM, Taxes and Insurance
CVS Pharmacy is the Largest Drugstore Chain in the United States With More Than 9,900 Stores Across 49 States, the District of Columbia and Puerto Rico
Investment Grade Tenant: (S&P: BBB), CVS Pharmacy Ranks #4 on the Fortune 500 List
High Traffic Location: The Site is Located on the Signalized Intersection of South Atlantic Boulevard and Whittier Boulevard With a Traffic Count of 48,616 VPD and a Walking Score of 95%
Strong Demographics: A Population of 244,040 Within 3-Miles of the Site
Surrounded By a Strong Mix of Local and National Retailers Including: Target, Ross, Nike, Regency Cinemas, Skechers, El Super and Just 1-Mile From the Citadel Outlets, a 700,000 SF Outdoor Shopping Center Housing Global Brands and Restaurants
Centrally Located Between Interstate-5, Interstate-710 and Interstate-60, a Major Los Angeles Commuter Thoroughfare and Just 23-Miles From Los Angeles International Airport (LAX)
The Historical Movie Palace Was the First Building in East Los Angeles to Be Listed in the National Register of Historic Places in 1983 and One of a Handful of Neighborhood Theaters Still Remaining in Southern California