Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$3,950,000
Walgreens
Details
APN 093-01012002
Property Type Retail
Sub Type Storefront
Square Footage 14,660
Cap Rate 9.21%
NOI $363,607
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 28.8
Lease Expiration 11/17/2029
Remaining Term 3.3
Year Built 2004
Acreage 3.690
Zoning C-2: Central Commercial District
Parking Spaces 63 spaces
Parking per 1,000 SqFt 4.30
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/16/2001
Ownership Fee Simple (Land & Building Ownership)
Retail | 9.21% CAP | 14,660 SqFt
Investment highlights
Signalized, Hard Corner Intersection | High Traffic Area | Excellent Visibility & Access | Drive-Thru Equipped
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
McDonough Marketplace | South Point Shopping Center
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$363,607.00
$30,300.58/mo
Valuation Metrics
0
DSCR
9.21%
Cap Rate
9.21%
ROI
Map
Zoning
C-2 CommercialCore CommercialCentral Commercial District
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View all 41 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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