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17051 Bear Valley Rd 15,120 SF Retail Building Hesperia, CA 92345 $4,900,000 ($324.07/SF) 6.86% 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
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 Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Oct 2027 |
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
Presented by
17051 Bear Valley Rd
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