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CVS pharmacy

9479 Madison Avenue, Folsom, CA, USA
$7,032,537 5.65% Cap 25,424 sq ft Built 2000 Actual Site Photo Print This Page

Location

9479 Madison Avenue, Folsom, CA, USA

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

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeEstablished Tenancy at this LocationExcellent Access and VisibilityHeavily Trafficked LocationInvestment Grade CreditLocated on a Major Commercial ThoroughfareS&P Rated BBBZero Landlord Obligations

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.

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