For Sale
$11,000,000

2605 March Ln Stockton, CA 95207

High-yield CVS, 12+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 2605 W March Ln, Stockton, CA 95207. The property boasts a substantial 10,800 square foot building situated on a 2.15-acre lot. The property is currently operating under a triple-net (NNN) lease with a corporate guarantee from CVS Pharmacy, ensuring consistent cash flow. The lease commenced on December 21, 2011, and has a remaining term of approximately 12.2 years, expiring January 31, 2037. The current annual net operating income (NOI) is $607,407, yielding a compelling 5.52% cap rate. Built in 1979 and renovated in 1999, this well-maintained property benefits from a strong location within a densely populated area, serving a substantial customer base. The property's performance ranks in the 99th percentile among all CVS pharmacies. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential in a desirable California market. The asking price for this exceptional investment is $11,000,000. The property's location within Stockton, San Joaquin County, provides access to a population of over 287,000 individuals within a 5-mile radius.

Highlights

  • Top-performing CVS Pharmacy (99th percentile)*
  • Strong, long-term lease with 12+ years remaining
  • Dense population with over 287,000 people within a 5-mile radius

Property Details for 2605 March Ln

Property type
Retail properties, Drug stores
Square Feet
10,800 SF
Year Built/Renovated
1979/1999
Lot Size (sq. ft)
93,654 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.9853142
Longitude
-121.3407638

FAQs

What type of property is this?
Retail property - High-yield CVS, 12+ years remaining.
Where is the retail property located?
The property is located at 2605 March Ln Stockton, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Top-performing CVS Pharmacy (99th percentile)*; Strong, long-term lease with 12+ years remaining; Dense population with over 287,000 people within a 5-mile radius
How can I contact the broker?
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2605 March Ln
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