CVS Pharmacy in Affluent San Diego Submarket

San Diego, CA— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, exclusively listed a CVS Pharmacy for $10,208,800, located at 14589 Camino del Norte, San Diego, CA. The property is one of the best-located and top-performing CVS stores in San Diego, as it is the closest pharmacy to Palomar Medical Center and within a five-mile radius of over 200,000 residents. The property is listed by Vice President Connor Olandt.

The building sits on a 2.6-acre lot with over 80 parking spaces and a drive-thru pharmacy window for pick-up. Located at a high-traffic intersection, the property sees over 70,000 cars per day.

CVS is an investment-grade tenant with a Standard & Poor’s rating of BBB. In 2021, the company reported $292 billion in revenue, averaging an 8.7 percent increase year-over-year. The property has nine-plus years remaining on its triple-net lease agreement.

“The property is located in an affluent area of San Diego with an average household income of $162,000.  This CVS is one of the top performing stores in the chain,” said Olandt.

The drugstore property is nearby many national retailers such as Costco, DICK’s Sporting Goods, Nordstrom Rack, The Home Depot, and Trader Joe’s.

For more information on the CVS listing, please contact Connor Olandt.

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 15 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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