CVS Drug Store 574 W Lacey Blvd 14,904 SF Retail Building Hanford, CA 93230 $5,473,000 ($367.22/SF) 6% Cap Rate

Long Term Lease: The property was built in 2014 and currently has +/- 15.00 years remaining on
the initial lease term, which runs through January, 2040.
- Passive Ownership: Absolute NNN lease structure, with no landlord responsibilities.
- Premier Location: This location has a local population of nearly 12k residents in a one-mile
radius surrounding the property and also benefits from a hard corner that sees +/- 34,000 VPD.
- Economic Developments: Hanford is a major trading center for the surrounding agricultural
area. There is a major project involving the widening and reconstruction of East Lacey Boulevard,
from 10th Avenue to east of Sierra Drive, to facilitate two lanes in each direction of travel plus a
center dual left turn lane. This will allow for an increased volume of traffic and continue to
benefit the surrounding owners.
- Foot Traffic: Per Alpha Maps, this store ranks is the top 15% of all CVS locations. Please contact
agent for the full report.
- Strong Community Synergy: Surrounded by the Hanford Town Center and other national
retailers, housing communities, churches, and schools that should allow for continued
foot/vehicle traffic around the store.
- Corporate Guarantee: Lease is corporately guaranteed by CVS (NYSE: CVS)