12.5 Years Remaining 909 S. Atlantic Blvd. 22,576 SF Retail Building Los Angeles, CA 90022 For Sale

Kidder Mathews is pleased to present a rare opportunity to acquire a high-performing, single-tenant leased investment. This CVS Pharmacy located at 909 S Atlantic Blvd., which is one of the most heavily travelled signalized corner of Whittier Blvd and Atlantic Avenue. The asset features a long-term, no management National Credit Tenant with 12.5 years remaining on the initial 25-year term, set to expire on January 31, 2038, and includes eight (8) five-year renewal options. The lease is backed by a corporate guarantee from CVS Health (NYSE: CVS), one of the largest and most creditworthy pharmacy chains in the country, operating over 9,100 locations nationwide with more than 300,000 employees and affiliations with 75 major health systems.
The property is located in an extremely dense and high-traffic corridor of East Los Angeles. It is considered a top 1% performing store nationwide among all CVS locations, a testament to its outstanding visibility, strategic placement, and strong consumer demand. With over 767,000 residents within a 5-mile radius and an impressive 67,000 vehicles per day passing the site, this location benefits from robust urban demographics and consistent customer flow. These fundamentals support long-term tenant performance and rental stability.
Built and completely renovated in 2012, this Historic Building consists of approximately 22,576 square feet of retail space situated on just under an acre (42,608 square foot) parcel. The site offers an abundance of parking spaces and sit on entire block and includes a drive-thru, which is attached to the south side of the building. Zoning is designated as LCM1-C3, allowing for a wide range of commercial uses. The offering has zero landlord responsibilities, making it an ideal investment for passive buyers or those pursuing a 1031 exchange.
The asset is offered at $11,000,000, representing a 5.48% capitalization rate. This trophy property combines stable cash flow, a long-term lease with a high-credit national tenant, and a prime Southern California location. Investors will benefit from the low-risk nature of the lease, the strength of the tenant, and the exceptional market fundamentals supporting continued long-term value.