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2006 W Avenue J
Lancaster, CA 93536

CVS Pharmacy · Retail Property For Sale

Investment Highlights

  • Single Tenant Absolute NNN CVS Pharmacy, with a 44-year operating history at this location
  • Corporate guaranteed lease with CVS Pharmacy (NYSE: CVS; S&P BBB)
  • Co-Anchor to Antelope Valley Plaza; a 127,000 SF Shopping Center: Co-tenants include new Smart & Final Extra, dd’s Discounts, & AT&T Wireless
  • 6 years remaining on initial term lease with one 10-year option
  • Below Market Rent; Tremendous Upside Potential: CVS is paying 50% of current market rent compared to similar spaces in the region
  • 100-Acre Medical Main Street Redevelopment Project Adjacent to the Subject Property

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
25,500 SF
Year Built
1979
Building Height
1 Story
Building FAR
0.35
Lot Size
1.66 AC
Zoning
LRC3DP - Limited Retail

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3123-005-033
Land Assessment
$1,051,933
Improvements Assessment
$495,288
Total Assessment
$1,547,221
  • Listing ID: 29629749

  • Date on Market: 9/26/2023

  • Last Updated:

  • Address: 2006 W Avenue J, Lancaster, CA 93536

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