Well-established [2010] retail pharmacy in the commercial/residential area of San Jose, Santa Clara County, located in a small medical building across the street from a large Regional Medical Center/Hospital and a few other medical buildings in the neighborhood. Conveniently located near 101 and 650 highways. Currently, one PharmD/PIC and a tech are running the pharmacy. Most of the patients are from the medical building; there are many medical practices to work with.
All major insurance plans are accepted. Medical, Medicare, Cigna, [No Express Scripts], Optum, CVS/Caremark, Elixir, Med-Impact, Humana, and many others. ABC is the wholesaler. RX Software is the RX30. PSAO is Elevate and Northwest.
The pharmacy is about 1,000 sf. The lease expires in 11/2031 and has options to renew. The lease is assignable to a new qualified buyer. Over $30K was spent on tenant improvements. The prescription count is steady at 70-80. Annual Revenue is ~1.6M per year. Servicing a few ADHCs and ALFs. Steady referrals and loyal patients. RX inventory is ~80K-100K; will be appraised at the close of escrow.
No marketing has yet been done.
Excellent lease terms and options. Open 5 days a week. All licenses and insurance contracts are in good standing.
The Seller will gladly provide financial statements, an Inventory Count, and any additional information to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information is provided by the Seller; please rely on your own due diligence on market conditions and this industry before making any commitment or decisions.
