CVS/Pharmacy 84010 Avenue 50 12,900 SF Retail Building Coachella, CA 92236 $10,515,582 CAD ($815.16 CAD/SF) 7.57% Cap Rate

Marcus & Millichap is pleased to present the exclusive offering of CVS Pharmacy in Coachella, California, an absolute net leased investment backed by a corporate CVS guarantee. The property consists of a 12,900-square-foot freestanding building situated on a large 1.54-acre signalized corner parcel at the intersection of Avenue 50 and Van Buren Street, providing excellent visibility, access, and strong underlying land value in a growing Coachella Valley trade area.
The asset is leased on a true absolute NNN basis, providing an investor with completely passive ownership and no landlord responsibilities. The property currently generates $582,712 in annual rental income and is offered at a 7.50% cap rate, delivering an attractive yield compared to comparable investment-grade net lease opportunities. The lease runs through July 2034 and includes multiple extension options, creating future income potential while preserving long-term control of a strategically located retail site.
This offering presents investors with the rare opportunity to acquire a high-yield corporate net lease investment secured by one of the nation’s most recognized pharmacy operators, while benefiting from the residual value of a well-located corner parcel in an increasingly supply-constrained Southern California market.
***Contact Broker regarding Rent Holiday/Upfront Credit***