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Walgreens 27951 Baseline St 13,905 SF Retail Building Highland, CA 92346 $4,725,000 ($339.81/SF) 7.50% Cap Rate

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Investment Highlights

The subject property is offered at $4,725,000, reflecting a 7.50% cap rate on in-place NOI of $354,275.
This is the only Walgreens in the entire City of Highland, serving a community of approximately 73,628 residents.
The lease is structured as NN (Landlord responsible for roof and structure only).

Over the remaining 9.7 years of firm lease term, Walgreens is scheduled to pay approximately $3,436,000 in total base rent.
Walgreens has operated at this location continuously since 2001, demonstrating long-term commitment to the site.
he subject property is positioned on the signalized hard corner of Baseline Street and Boulder Avenue.

Executive Summary

High Yield Walgreens - 7.5% Cap with Over 9 Years Remaining

Property Facts

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,905 SF

Building Class

Year Built

2001

Price

$4,725,000

Price Per SF

$339.81

Cap Rate

7.50%

NOI

$354,275

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.78 AC

Zoning

Commercial Retail - Commercial Zone (General)

Parking

65 Spaces (4.67 Spaces per 1,000 SF Leased)

Frontage

343’ on Baseline St

Corner Lot
Signage

Signalized Intersection

Drive Thru

Monument Signage

Retailer
-
-
Jan 0000

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.