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Investment Highlights

  • Single-tenant CVS Pharmacy investment with in-place income.
  • Annual net operating income of $510,000.
  • National pharmacy tenant serving recurring daily consumer demand.
  • Offered at a 5.25% cap rate.
  • Located within an established Orange County retail corridor.

Executive Summary

17136 Magnolia Street offers the opportunity to acquire a single-tenant NNN investment occupied by CVS Pharmacy in Fountain Valley, California. Situated within a well-established Orange County trade area, the property benefits from surrounding residential neighborhoods, nearby retail and service businesses, and convenient access to major regional thoroughfares that support daily consumer activity.
Strong preforming store
10 Year lease term
Ground lease with no Landlord obligations

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
26,028 SF
Building Class
C
Year Built
1973
NOI
$710,211 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
2.30 AC
Zoning
C1 - Local Business (retail/commercial)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Single Net
  • Jul 2036

CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Single Net Jul 2036
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Smart & Final Extra!
U.S. Bank
Mel's Diner
Dream Dinners
Sizzler
Dutch Bros
7 Leaves Cafe
Sprouts Farmers Market
Crunch Fitness
The Picklr

Property Taxes

Property Taxes

Parcel Number
167-141-05
Land Assessment
$526,423 CAD
Improvements Assessment
$1,955,869 CAD
Total Assessment
$2,482,292 CAD
  • Listing ID: 41717590

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 17136 Magnolia St, Fountain Valley, CA 92708

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