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Walgreens | Hesperia, CA 15480 Main St 14,490 SF Retail Building Hesperia, CA 92345 $3,938,000 ($271.77/SF) 8.50% Cap Rate
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
$3,938,000
Price Per SF
$271.77
Cap Rate
8.50%
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
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 began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 14,490 SF | - | Triple Net | Dec 2030 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0408-181-01 | Improvements Assessment | $3,417,000 |
| Land Assessment | $1,071,000 | Total Assessment | $4,488,000 |
Property Taxes
Parcel Number
0408-181-01
Land Assessment
$1,071,000
Improvements Assessment
$3,417,000
Total Assessment
$4,488,000
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