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Walgreens 1501 W Whittier Blvd 14,775 SF Retail Building Montebello, CA 90640 $7,950,000 ($538.07/SF) 5.50% Cap Rate
Investment Highlights
- HEAVY DAY TIME CARS AND FOOT TRAFFIC
- OPEN FLOOR PLANS
- LOTS OF NATURAL LIGHT
Executive Summary
Investment highlights Single-Tenant Walgreens (NASDAQ: WBA) MONTEBELLO CITY, CA 90640 Largest daily needs retail pharmacy provider in the United States with 8,600+ locations Absolute NNN lease; zero landlord responsibilities 53+ years remaining on the term Long-term operating history at the property (22+ years) #28 “Fortune 500” – Fortune (2024) High-Traffic Location
Property Facts
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
14,775 SF
Building Class
B
Year Built
2005
Price
$7,950,000
Price Per SF
$538.07
Cap Rate
5.50%
NOI
$437,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.83 AC
Zoning
C2 - COMMERCIAL
Parking
45 Spaces (3.05 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $29.52
- Triple Net
- Mar 2079
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $29.52 | Triple Net | Mar 2079 |
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 6337-003-034 | Improvements Assessment | $2,850,580 |
| Land Assessment | $6,678,982 | Total Assessment | $9,529,562 |
Property Taxes
Parcel Number
6337-003-034
Land Assessment
$6,678,982
Improvements Assessment
$2,850,580
Total Assessment
$9,529,562
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Walgreens | 1501 W Whittier Blvd
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