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13052 Newport Ave
Tustin, CA 92780
Walgreens · Retail Property For Sale
Investment Highlights
- Walgreens is a publicly traded company with a market of +/- $28 billion (NASDAQ: WBA) S&P: BBB
- Walgreens operates over +/- 9,000 locations with roughly 315,000 full time employees
- The store benefits from over +/- 200,000 residents, average household income of $120,000 and median home value of over $790,000
- Walgreens operates over +/- 9,000 locations with roughly 315,000 full time employees
- Situated on a double signalized corner of Newport Ave and Irvine Blvd: Two major thoroughfares seeing a combined +/- 60,000 VPD
- Walgreens has been operating successfully at this location on a ground lease for 15+ years with an additional 40 years of option periods
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,000 SF
Building Class
B
Year Built/Renovated
1959/2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.34 AC
Zoning
Commercial (NEC) - Commercial
Parking
46 Spaces
Frontage
Property Taxes
| Parcel Number | 500-101-13 | Improvements Assessment | $1,751,132 |
| Land Assessment | $591,129 | Total Assessment | $2,342,261 |
Property Taxes
Parcel Number
500-101-13
Land Assessment
$591,129
Improvements Assessment
$1,751,132
Total Assessment
$2,342,261
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