$3,240,000
Walgreens Apple Valley, Ca. 10% Cap Lease buyout
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,120
Net Rentable (SqFt) 15,025
Units 1
Cap Rate 10.00%
NOI $324,000
Tenancy Vacant
Brand/Tenant Walgreens
Lease Type NNN
Lease Term 25
Lease Expiration 07/01/2029
Remaining Term 3
Rent Bumps No
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $324,000
Broker Co-Op Yes
Class A
Year Built 2004
Buildings 1
Stories 1
Lot Size (SqFt) 64,661
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2004
Occupancy Date 06/01/2026
Ground Lease No
Ownership fee
Sale Condition For sale by owner
NNN Leased Dark , paying rent to 7/2029 New Price
Marketing description
Walgreens Apple Valley Absolute NNN 7.45% Cap Rate
No Landlord responsibilities
$3,240,000
The building is DARK, lease continues to 7/2029 Walgreens paying NNN rent
Listed with Kevin Bettinger Matthews or call Owner Direct 949-631-2465
Walgreens has proposed a Lease Buyout
Existing loan of Approx. $2,000,000 can be assumed 4.53%. 25/15 payable $16,273.80 per month
Down Payment: Approx: $1,240,000
Lot Size 64,661 Square Feet
Investment highlights
Cash Flow with existing loan: $128,724 5.7% $2,000,000 Down Payment
Corner Location
Highway 18 frontage
Across from Major shopping center, City Hall
Walmart, Target, CVS, 99 Cent nearby
Listing Contacts
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
$324,000.00
$27,000.00/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
