This property is Off-Market

2011 N. Riverside Ave
Rialto, CA 92377 ·

14,000 SF · Retail For Sale

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NEWER SoCal Walgreens Ground Lease w/Rent Bumps!

Price N/A Occupancy 100%
Building Size 14,000 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Anchor
More...
  • Free Standing Bldg
  • Street Retail
  • Retail Pad
Property on Ground Lease? Yes
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2009
Commission Split 1.5% Lot Size 1.49 AC
Cap Rate 5.45%
Listing ID: 17595168 Date Created: 03/29/2012 Last Updated: 05/21/2012

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".

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.

Research

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

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