Walgreens | Hesperia, CA
Retail | 8.50% CAP | 14,490 SqFt
Investment highlights
Walgreens is the second largest drugstore chain in the United States, with over 8,000 locations across the U.S. including Puerto Rico.
The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities.
There are over five (5.5) years remaining on the lease until the tenant’s first termination option.
Walgreens is located on the hard corner of Main St. and 11th Avenue, which report strong combined traffic counts of 39,287 cars per day.
There are 151,318 residents located in the five (5) mile demographic ring.
The average household income in the five (5) mile demographic ring is $92,272.
Hesperia is a growing suburban city in Southern California’s San Bernadino County located 75 minutes outside of Los Angeles, CA and 70 minutes from Anaheim.
Walgreens is surrounded by several popular retailers including Cardenas Markets, Dutch Bros, Carl’s Jr., Pep Boys Auto, Family Dollar, and more.
Located 0.8 miles (3 minutes) from Hesperia City Hall and the Hesperia Civic Plaza Park.
Hesperia is located near Mojave River Forks Regional Park, which offers miles of trails, open desert terrain and river-bottom landscapes ideal for hiking, horseback riding, wildlife observation, and off-road recreation.
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