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42150 Jackson St
Indio, CA 92203
CVS Pharmacy | Absolute NNN Ground Lease · Retail Property For Sale
Investment Highlights
- Rare Corporate-Backed Absolute NNN Ground Lease with CVS Health, Offering Zero Landlord Responsibilities
- Situated Near the Indio Towne Center, a ±560,000 SF Major Regional Retail Hub Anchored by Home Depot, WinCo Foods, ULTA Beauty, Petco, and Many More
- High Visibility, Signalized, Corner Location at the Intersection of Jackson Street and 42nd Avenue (±25,000 Cars Per Day)
Executive Summary
--Corporate-Guaranteed Ground Lease--
-Over 8 Years Remaining on the Primary Lease Term Through January 2034, Plus Six, Five-Year Renewal Options Extending Potential Occupancy Through 2064
-CVS Pharmacy is One of the Largest Healthcare Companies with Over $402 Billion in Annual Revenue, Approximately 9,000 Retail Locations, and a Fortune #6 Ranking
-Established Location with 17+ Year Operating History – CVS Has Operated at This Location Since 2008, Demonstrating Strong Site Commitment
--Strong Market Fundamentals--
-Affluent, Dense Infill Trade Area with Average Household Incomes Exceeding ±$128,000 Within One Mile and a Population of Over 138,900 Residents Within Five Miles
-Located Less than Five Miles from the Coachella and Stagecoach Festival Grounds, Which Draw Approximately 325,000+ Attendees Annually Across Three Festival Weekends Alone
-Indio Is the Most Populous City in the Coachella Valley, and is Centrally Located Within Coachella’s Nine-City Region of Over 500,000 Residents, Benefiting from Year-Round Tourism, Major Festivals (Coachella, Stagecoach), and a Growing Permanent Resident Base
-Over 8 Years Remaining on the Primary Lease Term Through January 2034, Plus Six, Five-Year Renewal Options Extending Potential Occupancy Through 2064
-CVS Pharmacy is One of the Largest Healthcare Companies with Over $402 Billion in Annual Revenue, Approximately 9,000 Retail Locations, and a Fortune #6 Ranking
-Established Location with 17+ Year Operating History – CVS Has Operated at This Location Since 2008, Demonstrating Strong Site Commitment
--Strong Market Fundamentals--
-Affluent, Dense Infill Trade Area with Average Household Incomes Exceeding ±$128,000 Within One Mile and a Population of Over 138,900 Residents Within Five Miles
-Located Less than Five Miles from the Coachella and Stagecoach Festival Grounds, Which Draw Approximately 325,000+ Attendees Annually Across Three Festival Weekends Alone
-Indio Is the Most Populous City in the Coachella Valley, and is Centrally Located Within Coachella’s Nine-City Region of Over 500,000 Residents, Benefiting from Year-Round Tourism, Major Festivals (Coachella, Stagecoach), and a Growing Permanent Resident Base
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2008
Price
$5,699,012 CAD
Price Per SF
$441.78 CAD
Cap Rate
5%
NOI
$284,951 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.58 AC
Parking
73 Spaces (5.66 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 692-050-013 | Improvements Assessment | $4,283,305 CAD |
| Land Assessment | $3,494,742 CAD | Total Assessment | $7,778,047 CAD |
Property Taxes
Parcel Number
692-050-013
Land Assessment
$3,494,742 CAD
Improvements Assessment
$4,283,305 CAD
Total Assessment
$7,778,047 CAD
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