2006 Avenue JLancaster, CA 93536
Exceptional CVS, strong sales, below market rent.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $4,280,000 asking price for a stabilized, value-add retail investment.
- CVS Pharmacy occupies the entire 25,500 square foot building on a 1.66-acre lot in Lancaster, CA.
- NNN lease with a credit-rated, corporate guarantor; 100% occupancy.
- Generating nearly $20M in annual sales, resulting in a low rent-to-sales ratio of 1.24%.
- Below-market rent with a pro-forma cap rate of 10.72%.
- Located at a signalized intersection with over 58,800 vehicles per day, and benefits from excellent freeway access.
Property Details for 2006 Avenue J
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 25,500 SF
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 72,310 SF
Location Insight
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Latitude
- 34.6879452
- Longitude
- -118.1661175
Nearby Similar for Sale
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