574 W Lacey Blvd - Drug Store FOR SALE


Hanford, CA 93230
$5,473,000 USD
949-777-5984
574 W Lacey Blvd, Hanford, CA for Sale
$5,473,000 USD
Drug Store - FOR SALE
1/3
null | 6% Cap Rate

574 W Lacey Blvd
Hanford, CA 93230


OVERVIEW

Long Term Lease: The property was built in 2014 and currently has +/- 15.00 years remaining on the initial lease term, which runs through January, 2040. - Passive Ownership: Absolute NNN lease structure, with no landlord responsibilities. - Premier Location: This location has a local population of nearly 12k residents in a one-mile radius surrounding the property and also benefits from a hard corner that sees +/- 34,000 VPD. - Economic Developments: Hanford is a major trading center for the surrounding agricultural area. There is a major project involving the widening and reconstruction of East Lacey Boulevard, from 10th Avenue to east of Sierra Drive, to facilitate two lanes in each direction of travel plus a center dual left turn lane. This will allow for an increased volume of traffic and continue to benefit the surrounding owners. - Foot Traffic: Per Alpha Maps, this store ranks is the top 15% of all CVS locations. Please contact agent for the full report. - Strong Community Synergy: Surrounded by the Hanford Town Center and other national retailers, housing communities, churches, and schools that should allow for continued foot/vehicle traffic around the store. - Corporate Guarantee: Lease is corporately guaranteed by CVS (NYSE: CVS)

FOR SALE DETAILS

PRICE

$5,473,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Drug Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

CC

APN/PARCEL ID

010-510-001-000

ASK ABOUT THIS PROPERTY

Brandon PerezMatthews Real Estate Investment ServicesMore Info
949-777-5984

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Brandon PerezMatthews Real Estate Investment ServicesMore Info
949-777-5984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.