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CVS – Victorville, CA

ADDRESS

14426 Palmdale Road Victorville, CA 92393
CVS – Victorville, CA

PRICE $9,394,927

SQ FEET 13,014

CAP RATE 5.50%

LEASE TERM 12.2 Years

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Investment Highlights

Long-Term Lease Assurance
CVS upholds a 25-year lease through January 2037 with over 12 years remaining, featuring fair market value rental adjustments for sustained competitive returns.

 

Effortless Ownership
Absolute NNN lease commits CVS to cover all property expenses, ensuring a maintenance-free investment.

 

Robust Tenant Credentials
CVS, a top-tier health service retailer, trades on the NYSE (CVS) and boasts a BBB credit rating from Standard & Poor’s, with revenues surpassing $266 billion in 2020.

 

Prime Location
Positioned at a busy, signalized intersection with daily traffic exceeding 43,700 vehicles, near Kaiser Permanente’s High Desert Medical Offices and directly opposite the 97,000 sq ft El Evado Plaza, amplifying consumer accessibility and draw.

 

Strong Market Demographics
The vicinity supports a dense population base with over 89,000 residents within three miles and 176,000 within five miles, fostering robust consumer traffic.

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