Listed by CBRE - Orange County, CBRE - San Jose
$5,481,802
Walgreens
Details
APN 0150462040000
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,418
Units 1
Cap Rate 6.76%
NOI $389,028
Occupancy 100%
Tenancy Single
Lease Type NNN
Year Built 2003
Buildings 1
Stories 1
Lot Size (SqFt) 62,726
Parking Spaces 74 spaces
Parking per 1,000 SqFt 5.13
Ground Lease No
Just Listed! Long‑Term Walgreens NNN Investment with Built-In Rent Growth | San Bernardino, CA
Marketing description
Download Our Offering Memorandum
This offering presents an opportunity to acquire a stabilized, long term Walgreens on an absolute NNN lease located at 1634 E. Highland Avenue in San Bernardino. With 8 years remaining of lease term, this provides investors with truly passive, management free ownership.
Investment highlights
- Absolute NNN Walgreens with Passive Income Long-term absolute triple-net lease — Walgreens covers 100% of expenses, delivering predictable, management-free cash flow.
- 8+ Years Remaining with Built-In Rent Growth Lease through 2034 with 5% contractual rent increases every five years plus twelve 5-year renewal options.
- Stable, Bond-Like Cash Flow from Essential Tenant $389,028 annual rent backed by a nationally recognized, needs-based pharmacy serving daily consumer demand.
- Prime Signalized Corner Near Medical Anchor High-visibility location on E. Highland Ave with strong traffic counts and proximity to Dignity Health–St. Bernardine Medical Center.
Listing Contacts
Listed by CBRE - Orange County, CBRE - San Jose
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$389,028.00
$32,419.00/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
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