14426 Palmdale RdVictorville, CA 92392

This exceptional investment opportunity presents a 13,014 square foot CVS Pharmacy in Victorville, CA, situated on a 1.61-acre lot. The property boasts a Class A, single-tenant, absolute NNN lease with CVS Pharmacy, a credit-rated tenant with a corporate guarantee. The lease commenced February 25, 2011, and has a remaining term of approximately 12.2 years, extending to January 31, 2037, with ten 5-year renewal options. The property features a strong 5.50% cap rate and a pro-forma NOI of $516,721. Built in 2010, this single-story building enjoys a prime location at a signalized intersection with over 43,700 vehicles passing daily, near major medical facilities and retail centers. The location benefits from a dense population base, with over 89,000 residents within three miles and 176,000 within five miles. The asking price is $9,394,927, representing a price per square foot of $721.91. This fee-simple ownership offers a stable, long-term investment opportunity suitable for a 1031 exchange. The property's exceptional location, strong tenant, and long-term lease provide a compelling investment proposition. The property is 100% occupied since its opening on February 25, 2011.