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17051 Bear Valley Rd 15,120 SF Retail Building Hesperia, CA 92345 $4,635,000 ($306.55/SF) 7.25% Cap Rate
Investment Highlights
- Walgreens Pharmacy has occupied the site for over 23 years and has just exercised a new 5-year option to extend
- CURRENTLY WALGREEN’S ONLY 24-HOUR STORE IN THIS HIGH-DESERT REGION
- Location is proximate to both residential and commercial uses / IDEAL 1031 EXCHANGE OPPORTUNITY
- Walgreens is one of the world’s most well-known drugstore chains with over 8,500 locations throughout the US
- Located at the corner of Bear Valley Road and Hesperia Road with tremendous visibility and access from both streets
- Net lease structure is ideal for a passive investor looking for stable cash flow with zero landlord maintenance obligations
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2002
Price
$4,635,000
Price Per SF
$306.55
Cap Rate
7.25%
NOI
$336,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.12 AC
Parking
50 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Oct 2027
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Oct 2027 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0415-032-30 | Improvements Assessment | $4,400,000 |
| Land Assessment | $1,200,000 | Total Assessment | $5,600,000 |
Property Taxes
Parcel Number
0415-032-30
Land Assessment
$1,200,000
Improvements Assessment
$4,400,000
Total Assessment
$5,600,000
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Contact the Sale Advisor
17051 Bear Valley Rd