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CVS PHARMACY | ABSOLUTE NNN 14589 Camino Del Norte 16,972 SF Retail Building San Diego, CA 92128 $12,818,067 CAD ($755.25 CAD/SF) 5% Cap Rate
Investment Highlights
- Absolute Net Lease. 26+ Year Historical Occupancy as a Drug Store Demonstrating a Strong Commitment to the Location.
- Prime I-15 Corridor Location - Property Sits within San Diego’s I-15 Corridor Trade Area Described as Dominant Retail Trade Area in North San Diego.
- Established Master-Planned Scale - Carmel Mountain Ranch Spans 1,489 Acres and is a Master-Planned Community Along the I-15 Corridor.
- Strong Tenant - CVS Health (NYSE: CVS) features a S&P Investment Grade Credit Rating of “BBB” and is Ranked #5 on the Fortune 500 List.
- Positioned Along A High-Traffic Regional Corridor - Signalized Intersection Location featuring Easy Access, Excellent Visibility, and Strong Frontage.
Executive Summary
Property Facts
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 16,972 SF
- -
- Triple Net
- Jan 2032
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 16,972 SF | - | Triple Net | Jan 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 313-021-04 | Improvements Assessment | $3,849,748 CAD |
| Land Assessment | $7,626,097 CAD | Total Assessment | $11,475,844 CAD |
Property Taxes
Presented by
CVS PHARMACY | ABSOLUTE NNN | 14589 Camino Del Norte
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