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FREESTANDING RETAIL BUILDING LEASED TO CVS 1205 S. Oxnard Blvd. Oxnard, CA 93030 OFFERING MEMORANDUM Rick Rivera x201 CA Real Estate Lic # 00982859 (310) 575-1517 (310) 575-1147 Fax via e-mail [email protected]

FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

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Page 1: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

FREESTANDING RETAIL BUILDING LEASED TO CVS

1205 S. Oxnard Blvd. Oxnard, CA 93030

OFFERING MEMORANDUM

Rick Rivera x201 CA Real Estate Lic # 00982859

(310) 575-1517 (310) 575-1147 Fax

via e-mail [email protected]

Page 2: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

RETAIL SHOPPING CENTER FOR LEASE

#1 Corner in Oxnard (5 Points)—PCH-Oxnard-Wooley-Saviers

FEATURES Approx. 14,870 SQFT Freestanding

Building Built in 2010 Approx. 123,893 SQFT Lot Excellent NNN Investment

Opportunity Adjacent Strip Center Also Available

–Offered at $6,350,000*

INVESTMENT HIGHLIGHTS CVS Location on Long Term NNN

Lease + Options Worlds 12th Largest Company Investment Grade Tenant with

$31 Billion in Annual Sales APN: 204-0-060-340

Offered at $8,200,000

1205 S. Oxnard Blvd. Oxnard, CA 93030

CBM makes no warranties or guarantees about the information provided herein. We have obtained the information from sources we consider credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and estimates provided are for purposes of example and may not represent actual performance of this property.

COMMERCIAL REAL ESTATE SERVICES

SINGLE TENANT NNN INVESTMENT (CVS)—FOR SALE

1517 S. Sepulveda Blvd. Los Angeles, CA 90025

Rick Rivera x201 CA Real Estate Lic # 00982859

(310) 575-1517 (310) 575-1147 Fax

via e-mail [email protected]

Page 3: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

Tenants SF Monthly Rent Annual Rent

CVS (Nasdaq: CVS) 14,870 $35,833 $430,000 20 Year NNN Lease, Exp. 1/11/2030 Plus 8 Five Year Options. Annual Rent Increases to $473,000 1/12/2020. Rent Increases 7.5% Every Option Period.

TOTAL: 14,870 $35,833 $430,000

Income Schedule 1205 S. Oxnard Blvd. Oxnard, CA

CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859

West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard

SALE PRICE:

$8,200,000

TRIPLE NET INCOME: $430,000

CAP RATE:

5.25%

DOWN PAYMENT: $3,335,000

*LOAN: $4,865,000 (Annual amount of $295,803 paid monthly)

*Loan must be an All Inclusive Trust Deed (AITD) with interest rate of 4.5% amortized over 30 years, due 8/1/2020.

Financial Prospectus 1205 S. Oxnard Blvd. Oxnard, CA

Page 4: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

CBM makes no warranties or guaran- tees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is

West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard

Tenant Overview: CVS CVS Pharmacy is the second largest pharmacy chain in the United States, with 7,600+

stores in 46 states. According to Fortune 500 listing, CVS is the 12th largest company in

the world.

CVS sells prescription drugs in addition to broad assortment of merchandise, including

over-the-counter drugs, beauty products and cosmetics, film processing services,

seasonal merchandise, greeting cards, limited foods, and other convenience items.

CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

business was opened on Merrimack Street in Lowell, Massachusetts, in 1963, under the

name Consumer Value Store. The company was founded by Sid Goldstein, Stanley

Goldstein, and Ralph Hoagland, as a discount health and beauty aid store.

CVS CEO: Larry J. Merlo

2014 Revenue: $31 Billion

NYSE: CVS (Share Price: $101)

Total Number of Employees: 200,000 (in 46 states)

Why Choose CVS Over Walgreens?

The FTC may require Walgreens to close or divest of more than 1, 00 stores as result of

acquiring Rite Aid.

Unlike Walgreens, none of the CVS/pharmacy stores below are subject to FTC review

and possible closure.

Page 5: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

Community Overview: Oxnard 1205 S. Oxnard Blvd. Oxnard, CA

Oxnard is California’s 19th most populous city, and Ventura County’s most populous

city, with 200,000+ residents.

GEOGRAPHY—Oxnard lies roughly 30 miles west of the Los Angeles city limits, and is

generally considered part of the larger Los Angeles metropolitan area. Oxnard is located on

the Oxnard Plain, an area with fertile soil. With its beaches, dunes, wetlands, creeks and the

Santa Clara River, the area contains a number of important biological communities.

POPULATION + INCOME—With a population of 203,585, Oxnard is the most populous

municipality in the Oxnard-Thousand Oaks-Ventura tri-city area, which is ranked as one of the

wealthiest in America. Tri-cities residents earn well above the average national income.

The economy fueled by international trade, agriculture, manufacturing, defense, and

tourism.

Oxnard is one of Greater Los Angeles key manufacturing centers.

The Port of Hueneme is the busiest and only deep-harbor commercial port between Los

Angeles and San Francisco. Del Monte Foods, Chiquita, BMW, Land Rover, and Jaguar

depend upon the port for transport.

Other important industries include finance, transportation, high-tech development, and

petroleum.

Two large active oil fields underlie the city and adjacent areas: the Oxnard Oil Field, east of

the city along 5th Street, and the West Montalvo Oil Field along the coast to the west of

town. Tenby Inc.'s Oxnard Refinery, on 5th Street east of Del Norte Avenue, processes oil

from both fields.

COMMUNITY AFFAIRS—Oxnard was ranked as one of the safest cities in America with

violent crime rates well below the national average.

HISTORY—Oxnard was incorporated in 1903. It is located at the western edge of the fertile

Oxnard Plain, sitting adjacent to an agricultural center of strawberries and lima beans.

CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859

West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard

Page 6: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859

West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard

Site Plan 1205 S. Oxnard Blvd. Oxnard, CA

Oxnard Blvd. Verizon Wireless

Roberts Five Points Appliance Adriana Insurance

Estrella Beauty Salon To Be Leased (Restaurant)

Sav

iers

Roa

d

*Not a Part of the Offering

Dominos Pizza

Kids Dental Kare

*Not a Part of the Offering

Page 7: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859

West LA | Encino | Orange County | San Diego

Additional Photos 1205 S. Oxnard Blvd. Oxnard, CA

Page 8: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859

West LA | Encino | Orange County | San Diego

Aerial Photo 1205 S. Oxnard Blvd. Oxnard, CA

Page 9: FREESTANDING RETAIL BUILDING LEASED TO CVScbm1.com/launch_ad/email_images/pdf_ox1205_cvsonly.pdf · CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The

CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859

West LA | Encino | Orange County | San Diego

Demographics 1205 S. Oxnard Blvd. Oxnard, CA