CVS Pharmacy For Sale

$5,367,242

360 North Val Vista Drive, Mesa, AZ 85213

For Sale

Retail Free Standing

Active

Last Updated: 04/07/2025

Cap Rate: 4.75%

NOI: $254,944

Building Size: 13,027 sqft

Lot Area: 1.69 acres

Lease Type: Absolute Net

Year Built: 2003

Price Per Sqft: $365.80

Parking Spots: 62

Offered by

TD Commercial Group

#SL3535405

Request Info to Unlock

Recently Extended Long Term 16 year Lease - This investment consists of a recently extended 20 year absolute net lease to CVS. CVS has been operating successfully at this site since 2004. Absolute Net Lease - The lease is a true absolute net lease, with zero landlord responsibilities
Absolute Net Lease - Mesa is the third largest city in Arizona with over 300,000 people within a 5-mile radius.
Absolute NNN Lease - Landlord has zero landlord responsibilities because the tenant takes care of insurance, real estate taxes, and maintenance
Sustainable Financial Structure With a Strong Corporate Guarantee - The property has an extremely low price/square foot and rent/square foot, making it a very attractive and sustainable addition to any portfolio. The lease is guaranteed by CVS Corporate. CVS is an extremely strong tenant with an S&P credit rating of BBB+. CVS has been in business for more than 55 Years, and its recent Acquisition of health insurer Aetna shows the company’s commitment to staying one step ahead of its competitors.
Dense Urban Infill Location - Dense Urban Infill Location The property sits at the signalized intersection of North Val Vista Drive and East University Drive, with a traffic count exceeding 49,000 vehicles per day. This location benefits from a point of ingress/ egress from each of the main roads through town, as well as a drive-through pharmacy. The property is surrounded by a multitude of housing developments.competitors.