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NEWER SoCal Walgreens Ground Lease w/Rent Bumps!
2011 N. Riverside Ave, Rialto, CA 92377
14,000 SF | Retail
Retail Property - Off Market
- Building Size:
- 14,000 SF
- Property Type:
- Property Sub-type:
- Additional Sub-types:
- Free Standing Bldg
- Street Retail
- Retail Pad
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Commission Split:
- Cap Rate:
- No. Stories:
- Property on Ground Lease?:
- Year Built:
- Lot Size:
- 1.49 AC
- Listing ID
- Last Updated
- over 1 year ago
- 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.
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)
Research for 2011 N. Riverside Ave, Rialto, CA 92377 (San Bernardino County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P