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29796021
29796022

15480 Main St, Hesperia, CA 92345

IS
CA 01497897
CBRE - Orange County
ML
CA 01984445
CBRE - Orange County
Listed by CBRE - Orange County
$3,938,000
107 days on market
Updated 27 days ago

Walgreens | Hesperia, CA

Details
APN 0408-181-01-0000
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Cap Rate 8.5%
NOI $334,716
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 07/31/2081
Remaining Term 55.2
Price per SqFt $330
Year Built 2006
Acreage 1.200
Parking Spaces spaces
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

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.

Listing Contacts

IS
CA 01497897
CBRE - Orange County
ML
CA 01984445
CBRE - Orange County
Listed by CBRE - Orange County

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$334,716.00
$27,893.00/mo

Valuation Metrics

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DSCR
8.5%
Cap Rate
8.5%
ROI

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