9920 Garvey Avenue El Monte, CA 91733

Listing agency Pharma Property Group Show Phone

Listed by Jason Pongsrikul · License #CA 01918332

Source Crexi

Added: Apr 10 Updated: Jul 22 at 8:23AM Checked: Jul 22 at 8:23AM

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Investment Insights

Based on property information with market context.

Pharma Property Group offers investors the opportunity to acquire a portfolio of three in-line CVS drugstores totaling 68,746 square feet across in-fill areas of the greater Los Angeles region. The properties are operated under absolute net lease terms, with no landlord responsibilities, and the income is guaranteed by CVS Corporate. Each lease has approximately 13 years remaining on the initial term, with ten (5-year) options to follow; the next options begin January 2032. Properties may be purchased separately or as a portfolio.

The assets are positioned on highly trafficked, major arterials in their respective cities, with reported daily traffic counts of 39,723 vehicles per day for Compton, 36,035 vehicles per day for El Monte, and 53,869 vehicles per day for Ontario. The remarks also note that freeway traffic in these locations exceeds 220,000 vehicles per day.

The markets are described as densely populated in-fill areas, and the offering cites an average of approximately 1,570,000 residents with an average income of $73,000 within a 5-mile radius across the three locations.

Key Highlights

• Portfolio of three in‑line CVS drugstores totaling 68,746 SF in infill areas of the greater Los Angeles area
• Absolute net lease structure with no landlord responsibilities whatsoever on all three properties
• Approximately 13 years remaining on initial lease terms with ten (5‑year) options; next options begin January 2032

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FAQs

What type of property is this?

Drug store - Portfolio of three in-line CVS drugstores with absolute net lease terms and approximately 13 years remaining.

Where is this drug store located?

The property is located at 9920 Garvey Avenue El Monte, CA.

What are key features of this property?

This property features: Portfolio of three in‑line CVS drugstores totaling 68,746 SF in infill areas of the greater Los Angeles area; Absolute net lease structure with no landlord responsibilities whatsoever on all three properties; Approximately 13 years remaining on initial lease terms with ten (5‑year) options; next options begin January 2032