Downtown San Leandro Absolute NNN Ground Lease Opportunity

Essential CRE is pleased to present an extraordinary opportunity to acquire CVS at Village Marketplace, an absolute NNN, ground-leased CVS in the San Francisco Bay Area suburb of San Leandro, CA. The Property is newly-constructed, featuring a drive-thru and CVS’ latest store concept and design. Located just 20 miles east of San Francisco, the exquisite 14,500 square foot Property (“the Property”) is the anchor tenant of The Village Marketplace (“the Center”) – a brand new, Class A shopping center located in the heart of Downtown San Leandro. The Village Marketplace is the retail centerpiece of the downtown area’s transformation into a thriving, transit-oriented, mixed-use district.
CVS features a long-term, 25-year ground lease (17 years remaining on initial term) at market rents, and with rent escalations every ten years. The Property is situated at the intersection of two high-traffic thoroughfares, with excellent access and prime visibility along these streets. The surround area features strong demographics, with a dense population within one mile and high average incomes. These demographics numbers are expected to continue to strengthen in the future as Bay Area residents increasingly seek transit-oriented cities outside of San Francisco with more affordable housing, numerous amenities, and an emphasis on community.

State-of-the-Art Pharmacy Ground Lease with Drive-Thru
Absolute NNN Ground Lease with 17 Years Remaining and Scheduled Increases
Strong Credit Tenant - Corporate Guarantee by CVS Caremark (NYSE: CVS)
High Visibility Location within Village Marketplace on Hard Corner with Excellent Foot and Vehicle Traffic Counts
Downtown San Leandro Location in Dense Commercial and Residential Corridor