Historical Retail Sale Listing - NEWER SoCal Walgreens Ground Lease w/Rent Bumps!

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NEWER SoCal Walgreens Ground Lease w/Rent Bumps!

2011 N. Riverside Ave, Rialto, CA 92377

N/A

14,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
14,000 SF
Property Type:
Retail
Property Sub-type:
Anchor
Additional Sub-types:
Free Standing Bldg
Street Retail
Retail Pad
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
1.5%
Cap Rate:
5.45%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2009
Lot Size:
1.49 AC
Listing ID
17595168
Last Updated
over 1 year ago

Highlights

  • Rare Opportunity to Purchase Southern CA Walgreens Ground Lease built in 2009.
  • Anchor tenant in Shopping Center. Other tenants include Fresh and Easy, Alta Vista Credit Union, Corky's Restaurant and Fitness 19.
  • Freeway 210 Location with a vehicle count of 88,000+.
  • Dense residential area with a population of 235,000 within 5 miles.
  • 10% Rent Bumps in Primary and Option Periods.
  • Buyer gets free building at the end of the Lease term.

Description

New 20 year NNN ground lease completed in 2009 with rent bumps in primary and option periods.. Approx. 50' high monument sign on a high visibility Off-Freeway location with over 88,000 cars per day. Call or email us for information.

The subject property is located at the northeast corner of Freeway 210 and Riverside Ave. in the county of San Bernardino. Over 235,000 residents in a 5-mile radius.

Founded in 1901, Walgreens provides the most convenient access to consumer goods and services, and pharmacy, health and wellness services, in America. The company has pioneered many modern store and pharmacy features, some of which have become standards in the industry. Walgreens has recorded over 35 consecutive years of record sales and earnings.

Walgreens is a Fortune "50" national credit tenant (traded under the symbol "WAG") with an S&P "A" rating and is listed among Fortune Magazine's "Most Admired Companies", the "Platinum 400 List" and "40 Best Stocks to Retire On".

Map of 2011 N. Riverside Ave, Rialto, CA 92377 (San Bernardino County)

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