1485 SOUTH GAREY AVENUE - POMONA, CA
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 8,830,000.00
Asset Type Investment
Trade Type Sale
SQ. FT. Available 14,840
Date Available 05/25/2018
Search Demographic Data Explore financing options

Contact

Description

Centralized Retail Location / Signalized Hard Corner:
Strategically located between three major Freeway arteries (10, 71 & 60) at signalized corner in Pomona, CA a city located within Los Angeles County

#1 Leading National Pharmacy / Retailer "Making Headlines":
CVS Health recently purchased Aetna Inc. (third largest U.S. health care company & highly regarded) In December 2018 in a deal which the New York Times reported would "reshape the American health care industry"

Outstanding National Tenant:
CVS / Pharmacy (CVS Health) places its emphasis on convenience, service and accessibility. Every store is renovated, on average, at least once every 5 years. With the combination of CVS's health industry and retail savvy, CVS/ Pharmacy has never been stronger

Rental Increases & Options:
Rare 10% rent escalation every 5 years, next bump scheduled for January 2024. Six 5 year options with 10% rental bumps

Affluent Demographics / High Traffic Count Location:
The area has a five-mile population of over 399k and an average household income of over $85k within five miles

See attached brochure for more!

Location