Price: $7,032,537
Cap Rate: 5.65%
Net Operating Income: $397,338
Square Footage: 25,424
Lot Size: 2.85 AC
Year Built: 2000
This is a rare CVS/pharmacy absolute net leased offering in Folsom, California. The lease calls for zero landlord obligations with ten 5 year options at FMV, along with a rent holiday for the last three years of the lease . The asset is well situated on a major commercial thoroughfare and is nearby Big Lots and Starbucks, and across the street from Golden Valley Charter School. This site also benefits from heavy traffic counts of 17,662 VPD along Madison Avenue.
Folsom is a city in Sacramento County, California. It is commonly known for Folsom Prison, the song “Folsom Prison Blues” as well as for, Folsom Lake. The population was 72,203 at the 2010 census. The median home price in Folsom, CA is $624,000 with the average household income at $102,692.
