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9502 176th St E 17 762 pi² Commerce de détail Immeuble Puyallup, WA 98375 12 234 394 $ CAD (688,80 $ CAD/pi²) 5,50% Taux de capitalisation



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Résumé de l'annonce
Faris Lee Investments is pleased to offer for sale a CVS Pharmacy situated at a signalized
hard corner in Puyallup, WA. CVS is an investment-grade credit tenant (S&P: BBB) with
a market capitalization of $114 billion and TTM revenue exceeding $407 billion.
This location is a top-tier performer, currently ranked as the highest-producing CVS
pharmacy in Washington. The site benefits from a significant recent influx of “scripts”
following the closure of five regional Rite Aid locations, further solidifying its dominant
market share. This high-volume store is supported by two full-time pharmacists and
seven technicians, with a major remodel scheduled for August to include recently
installed coolers, demonstrating a long-term commitment to the site.
CVS Pharmacy has grown into one of the most trusted healthcare brands in the U.S.,
operating over 9,000 locations nationwide with a workforce of 300,000 employees.
As a dominant industry leader, CVS continues to expand its integrated healthcare model,
ensuring its position as a staple of institutional real estate portfolios. This specific location
serves as a critical healthcare hub for the trade area, standing as the only CVS within
the immediate region and one of only three drugstores within a five-mile radius.
The subject property is strategically located at the signalized hard corner of 176th St
and Gem Heights Rd, which sees over 24,000 VPD. It sits as a high-profile outparcel
to a top-performing WinCo Foods, which ranks in the top 10% of the chain with
annual sales exceeding $90 million. The surrounding area features affluent and dense
infill demographics, with over 175,000 residents and an average household income
surpassing $140,000 within a 5-mile radius. This NNN investment offers ideal ease of
management for a passive investor or 1031 exchange buyer, as WinCo oversees the CAM
management. The property’s exceptional sales performance and prime positioning
make it a premier investment opportunity.
hard corner in Puyallup, WA. CVS is an investment-grade credit tenant (S&P: BBB) with
a market capitalization of $114 billion and TTM revenue exceeding $407 billion.
This location is a top-tier performer, currently ranked as the highest-producing CVS
pharmacy in Washington. The site benefits from a significant recent influx of “scripts”
following the closure of five regional Rite Aid locations, further solidifying its dominant
market share. This high-volume store is supported by two full-time pharmacists and
seven technicians, with a major remodel scheduled for August to include recently
installed coolers, demonstrating a long-term commitment to the site.
CVS Pharmacy has grown into one of the most trusted healthcare brands in the U.S.,
operating over 9,000 locations nationwide with a workforce of 300,000 employees.
As a dominant industry leader, CVS continues to expand its integrated healthcare model,
ensuring its position as a staple of institutional real estate portfolios. This specific location
serves as a critical healthcare hub for the trade area, standing as the only CVS within
the immediate region and one of only three drugstores within a five-mile radius.
The subject property is strategically located at the signalized hard corner of 176th St
and Gem Heights Rd, which sees over 24,000 VPD. It sits as a high-profile outparcel
to a top-performing WinCo Foods, which ranks in the top 10% of the chain with
annual sales exceeding $90 million. The surrounding area features affluent and dense
infill demographics, with over 175,000 residents and an average household income
surpassing $140,000 within a 5-mile radius. This NNN investment offers ideal ease of
management for a passive investor or 1031 exchange buyer, as WinCo oversees the CAM
management. The property’s exceptional sales performance and prime positioning
make it a premier investment opportunity.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Pharmacie
Taille du bâtiment
17 762 pi²
Classe d’immeuble
B
Année de construction
2007
Prix
12 234 394 $ CAD
Prix par pi²
688,80 $ CAD
Taux de capitalisation
5,50%
Revenu net d’exploitation
672 903 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,03
Taille du lot
12,36 AC
Zonage
CC
Assez practicable à pied
50/100
Exceptionnellement facile d'accès en voiture
100/100
Transports en commun limités
30/100
Assez praticable en vélo
30/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 602550-0020 | Évaluation des bâtiments | 14 556 151 $ CAD |
| Évaluation du terrain | 11 383 843 $ CAD | Évaluation totale | 25 939 994 $ CAD |
Impôts fonciers
Numéro de lot
602550-0020
Évaluation du terrain
11 383 843 $ CAD
Évaluation des bâtiments
14 556 151 $ CAD
Évaluation totale
25 939 994 $ CAD
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9502 176th St E
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