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CVS Pharmacy

Chino Hills, California

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Marcus & Millichap is pleased to present the exclusive listing for an CVS located at 3290 Chino Hills Parkway in Chino Hills, CA. The site consists of roughly 14,863 rentable square feet of building space on estimated 1.41-acre parcel of land. CVS has 13 years remaining on a 25-year true triple-net (NNN) lease.

About the Investment:

✓ Absolute Triple-Net (NNN) Lease with Over 13 Years of Term Remaining
✓ Over 240,590 People Live Within Five Miles of the Property | Forecasted Population Growth Over the Next Five Years in a 1, 3, 5, and 10-Mile Radii
✓ Investment Grade Credit: CVS Corporate (S&P: BBB)

About the Location:

✓ Located in an Urban Infill| McDonald’s, Taco Bell, El Polo Loco, Olive Garden, KFC, Carl’s Jr., Jack in the Box, In-N-Out, Subway, Starbucks, Dollar Tree, AutoZone, Walmart, Walgreens, Albertson’s, Trader Joe’s and Many More
✓ Strong Academic Presence | Within a Two Mile from Ruben S. Ayala High School, Robert O. Townsend Junior High School, and Glenmeade Elementary School |Combined Total Enrollment Exceeding 4,200 Students
✓ Affluent Suburban Community | Average Household Income Exceeds $127,500 Within a One-Mile Radius
✓ Features High Visibility and Ease of Access | Strong Traffic Counts | Chino Hills Parkway and Peyton Drive| Average 26,700 and 19,000 Vehicles Per Day, Respectively
✓ Excellent California Real Estate | San Bernardino County is the 6th largest in California

About the Tenant/Brand:

✓ CVS Pharmacy is the Largest Pharmacy Chain in the United States with Over 9,900 and has the Highest Prescription Revenue
✓ CVS Pharmacy Also Provides Healthcare Services Through its More Than
1,100 MinuteClinic Medical Clinics as well as Their Diabetes Care Centers
✓ CVS had 2018 Revenues of More Than $194 Billion
✓ CVS Pharmacy Fills More Than 1.9 Billion Prescriptions Every Year

Key Details

Price:
$11,985,560
Cap Rate:
5.00%
Annual Rent:
$599,278
Address:
3290 Chino Hills Parkway, Chino Hills, California 91709
Property Type:
Net-Leased Drug Store
Lease Type:
Triple-Net (NNN)

Original Lease Term:
25 Years
Lease Commencement:
September 30th, 2009
Lease Expiration:
October 31st, 2034
Lease Term Remaining:
13 Years
Lot Size:
+/- 1.41 Acres
Building Size:
14,863 SF
Year Built:
2009
Tenant:
CVS Pharmacy

Broker of record

John Vorsheck

License: 01419126


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