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Walgreens | Hesperia, CA 15480 Main St 14,490 SF Retail Building Hesperia, CA 92345 $4,781,000 ($329.95/SF) 7% Cap Rate

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Investment Highlights

  • Corporate Lease - $23.10 Rent/SF
  • Hard Corner Location - 1.20 Acre Lot
  • Retail Corridor Location - Stater Bros, Dutch Bros, Carl's Jr.
  • NNN Lease Structure - Zero Landlord Responsibilities
  • 151,318 Residents Within 5-Miles - 39,287 Cars Per Day
  • 75 Minutes from Los Angeles - 70 Minutes From Anaheim

Executive Summary

Walgreens is the second largest drugstore chain in the United States, with over 8,000 locations across the U.S. including Puerto Rico.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2006
Price
$4,781,000
Price Per SF
$329.95
Cap Rate
7%
NOI
$334,716
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.20 AC
Parking
40 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
251’ on 11th

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 14,490 SF
  • -
  • Triple Net
  • Dec 2030

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 14,490 SF - Triple Net Dec 2030

Nearby Major Retailers

Cardenas
Flagstar Bank
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
0408-181-01
Land Assessment
$1,200,000
Improvements Assessment
$4,150,000
Total Assessment
$5,350,000
  • Listing ID: 39385053

  • Date on Market: 3/6/2025

  • Last Updated:

  • Address: 15480 Main St, Hesperia, CA 92345

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