Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest ( building ownership) in an absolute NNN leased, investment grade (S&P: BBB), freestanding, CVS investment property located in Antioch, California. The tenant has approximately 13 years remaining with 1 (4-year) & 1 (4-year, 11 Mo) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia, and Puerto Rico.

• The asset is strategically located at the signalized, hard corner intersection of Lone Tree Way and Golf Course Road which serves over 46,000 vehicles per day
• The site is located in a dense retail corridor and is within close proximity of multiple national/credit tenants including Safeway, Raley’s, Dollar Tree, DaVita, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site

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