Valencia Property Acquires CVS-Occupied Property in Arizona for $4.5 Million

by Alex Tostado

Prescott, Ariz. — Valencia Properties has purchased a freestanding, single-tenant property located at 901 Willow Lake Road in Prescott, Arizona. A Southern California-based private investor sold the building for $4.5 million in an all-cash transaction. CVS/pharmacy occupies the 13,186-square-foot drive-thru property, which was built in 2015. The absolute triple-net leased asset is corporate guaranteed by CVS Health Corp. with 22 years remaining. Patrick Luther and Matthew Mousavi of SRS Real Estate Partners’ National Net Lease Group represented the seller, while Gulf Stream Capital Ventures represented the buyer.

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