Fee Simple-Walgreens NNN 20+ Years operations
15,160 SF | Retail Building | San Dimas, CA 91773 | $8,390,000 ($553/SF) | 5.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,390,000
- Property Type
-
Retail
- Square Feet
- 15,160 SF
- Price / Square Foot
- $553
Listing Contacts
Henry Liu
Verified Profile
- Property Info
Property Overview
Prime investment opportunity at 1086 West Arrow Highway, San Dimas, CA 91773! This property is fully leased to Walgreens, a long-term and stable tenant with over 20 years of successful operation. The true NNN lease ensures minimal landlord responsibilities and guaranteed rent backed by Walgreens corporate credit. Located in a high-traffic area with excellent visibility, the property benefits from its proximity to major retailers and affluent neighborhoods. San Dimas offers a robust retail environment and strong economic indicators, making this an ideal location for a reliable and profitable investment. Don’t miss this rare chance to secure a prime asset with a trusted tenant. Contact us today to learn more and schedule a viewing!
Property Details
- Class
- B
- Year Built
- 2002
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 88,862 SF
Highlights
- Long-Term Tenant: Walgreens has been operating at this location for over 20 years, providing stability and reliability.
- True NNN Lease: Minimal landlord responsibilities.
- Prime Location: Situated at a high-traffic intersection with excellent visibility, attracting a significant daily customer flow.
- Corporate Credit Guarantee: Rent is backed by Walgreens corporate credit, ensuring secure and consistent income.
- Affluent Neighborhood: Located in a prosperous area with high average household incomes, supporting strong retail performance.
- Proximity to Major Retailers: Close to key retail destinations like Target, Trader Joe’s, Home Depot, Walmart, Costco, and Lowe’s, enhancing the prope
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