Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$4,304,000
Walgreens (Popshelf Sublease)
Details
APN 15689-000-0190
Property Type Retail
Sub Type Storefront
Square Footage 12,197
Cap Rate 9.2%
NOI $396,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 09/30/2028
Remaining Term 2.3
Year Built 2003
Acreage 1.320
Zoning C3: General Commercial District
Parking Spaces 54 spaces
Parking Per SqFt 4.43
Investment Type Net Lease
Lease Commencement 09/21/2003
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 9.20% CAP | 12,197 SqFt
Investment highlights
Signalized, Hard Corner Intersection | High Traffic Area | Excellent Visibility & Access | Drive-Thru Equipped
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Outparcel to Walmart Supercenter | Dense Retail Corridor
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$396,000.00
$33,000.00/mo
Valuation Metrics
0
DSCR
9.2%
Cap Rate
9.2%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
