Retail

Walgreens Net-Lease Investment — Highland, CA 92346

27951 Base Line St, Highland, CA 92346

$4,294,000 After Repair Value -
$4,294,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $4,294,000

After Repair Value $4,294,000

Costs of Repairs $0

Potential Profit $0

Living Area 13905 ft2

Property Type Commercial Property

Bedrooms 0

Bathrooms 0

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

MUST TEXT YOUR EMAIL HERE FOR INFO — TEXT YOUR CONTACT INFO 234.738.0276Walgreens Net-Lease Investment — Highland, CA 92346 (Inland Empire)- Purchase price $4,294,000 — 8.25% cap rate on in-place NOI of $354,275- ±13,905 sq ft building on ±71,512 sq ft (1.64 acres), built 2001, ~65 parking spaces, double-lane drive-thru- NN lease — landlord responsible for roof and structure only- 9+ years of firm term remaining, plus seven 5-year options running through November 2070- Roof: over $70,000 in roof repairs completed, with a transferable 10-year roof warranty- The only Walgreens in Highland, serving roughly 73,628 residents; operating at this corner since 2001- Signalized hard corner at Baseline St and Boulder Ave, just off the 210 Freeway — 21,630 vehicles per day- Roughly 75% of the purchase price is recaptured in base rent over the firm term (about $3,230,000)- Approx. 33,275 sq ft of future building area on the parcel for development or a pad sale- Full offering package available on request — text your email to 234.738.0276The total price is $4,294,000. Price is firm — please, no lowball offers.ATTN INVESTORS: Where are you looking for investment properties? Email here: investment criteria - reinvestordeals52 at gmail dot com - and we\'ll send you matching deals.The Collective

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Greg Simpson

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