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1501 W Whittier Blvd
Montebello, CA 90640
Walgreens · Retail Property For Sale
Investment Highlights
- STRONG STORE SALES – High-performing Walgreens location with strong reported store sales; inquire with broker for details
- DENSE, AFFLUENT DEMOGRAPHICS – Exceptional consumer base with 604,900+ residents within 5 miles and $102,850+ average household income within 3 miles
- DOMINANT RETAIL CORRIDOR / NATIONAL RETAIL SYNERGY – Surrounded by major national retailers including Target, Home Depot, 7-Eleven, McDonald’s, more
- IRREPLACEABLE LOS ANGELES COUNTY REAL ESTATE / MONTEBELLO INFILL – Prime signalized corner location on Whittier Blvd in a dense, infill L.A. County
- HIGH-TRAFFIC HARD CORNER / EXCELLENT VISIBILITY – Positioned at a signalized hard-corner intersection with 37,300+ combined VPD
- CLOSE PROXIMITY TO CITADEL OUTLETS – Located near one of the region’s premier outlet destinations featuring major brands including Nike, Adidas, more
Executive Summary
Marcus & Millichap is pleased to offer for sale, the fee simple interest in a Walgreens in Montebello, CA.
This single-story ±14,775 SF freestanding Walgreens was built in 2005 on a ±0.83 AC lot with 40+ parking spaces and is located at 1501 W Whittier Blvd in Montebello, California (Los Angeles County). The property is situated on a prime signalized hard corner within a dense infill retail corridor. The property offers exceptional visibility and access at the intersection of Whittier Blvd & Maple Ave, which carries 37,300+ combined VPD. Montebello is a built-out Los Angeles County submarket with strong underlying real estate fundamentals that support long-term residual value and downside protection. Area demographics are outstanding, with 604,900+ residents within a 5-mile radius and average household income of approximately $102,850 within a 3-mile radius. The site is surrounded by major national retailers including Target, Home Depot, 7-Eleven, McDonald’s, O’Reilly Auto Parts, AutoZone, and more, and also benefits from close proximity to the Citadel Outlets, one of the region’s premier outlet destinations.
This single-story ±14,775 SF freestanding Walgreens was built in 2005 on a ±0.83 AC lot with 40+ parking spaces and is located at 1501 W Whittier Blvd in Montebello, California (Los Angeles County). The property is situated on a prime signalized hard corner within a dense infill retail corridor. The property offers exceptional visibility and access at the intersection of Whittier Blvd & Maple Ave, which carries 37,300+ combined VPD. Montebello is a built-out Los Angeles County submarket with strong underlying real estate fundamentals that support long-term residual value and downside protection. Area demographics are outstanding, with 604,900+ residents within a 5-mile radius and average household income of approximately $102,850 within a 3-mile radius. The site is surrounded by major national retailers including Target, Home Depot, 7-Eleven, McDonald’s, O’Reilly Auto Parts, AutoZone, and more, and also benefits from close proximity to the Citadel Outlets, one of the region’s premier outlet destinations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,775 SF
Building Class
B
Year Built
2005
Price
$6,800,000
Price Per SF
$460.24
Cap Rate
6.43%
NOI
$437,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.83 AC
Zoning
C2 - COMMERCIAL
Amenities
- Drive Thru
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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