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Walgreens 2976 Sepulveda Blvd 15,048 SF Retail Building Torrance, CA 90505 $9,580,000 ($636.63/SF) 4.42% Cap Rate
Executive Summary
PLEASE CALL OR TEXT Christine (310) 985-9956 FOR MORE DETAILS!!!!
An exceptional opportunity to acquire a fully leased commercial property strategically located along the high-traffic Sepulveda Boulevard in the heart of Torrance, one of South Bay’s most vibrant and affluent markets. This stabilized asset delivers immediate cash flow and strong long-term appreciation potential.
Fully Stabilized Asset: 100% leased, offering investors secure and predictable income.
Modern Construction: Built in 2002, reducing near-term capital expenditure requirements.
High Barriers to Entry: Limited new commercial development in Torrance supports strong rental rates and low vacancy.
Dynamic Economic Environment: Torrance is a regional employment center with strong representation in aerospace, healthcare, automotive, and international business sectors.
Zoning Flexibility: TOCC-GEN zoning allows for a broad range of commercial uses, enhancing long-term adaptability and value.
Prime Visibility: Direct frontage on Sepulveda Boulevard with significant daily traffic volumes.
Excellent Access: Minutes to the I-405 and I-110 freeways, providing seamless connectivity throughout Los Angeles and South Bay.
Major Retail & Commercial Hub: Surrounded by national retailers such as Target, Ralphs, Best Buy, and major shopping centers.
Strategic Positioning: Close proximity to Torrance Memorial Medical Center, Del Amo Fashion Center, and major corporate campuses.
Retail Vacancy: Torrance maintains a retail vacancy rate under 5%, one of the lowest in the South Bay region.
Rental Growth: Strong historical rent growth supported by limited supply and high demand.
Economic Resilience: Torrance's diverse economy and high median income offer insulation against market volatility.
Population (within 3 miles): 220,000+ residents
Average Household Income (within 3 miles): $120,000+
Median Age: 41 years
Educational Attainment: 44% of residents hold a bachelor's degree or higher
An exceptional opportunity to acquire a fully leased commercial property strategically located along the high-traffic Sepulveda Boulevard in the heart of Torrance, one of South Bay’s most vibrant and affluent markets. This stabilized asset delivers immediate cash flow and strong long-term appreciation potential.
Fully Stabilized Asset: 100% leased, offering investors secure and predictable income.
Modern Construction: Built in 2002, reducing near-term capital expenditure requirements.
High Barriers to Entry: Limited new commercial development in Torrance supports strong rental rates and low vacancy.
Dynamic Economic Environment: Torrance is a regional employment center with strong representation in aerospace, healthcare, automotive, and international business sectors.
Zoning Flexibility: TOCC-GEN zoning allows for a broad range of commercial uses, enhancing long-term adaptability and value.
Prime Visibility: Direct frontage on Sepulveda Boulevard with significant daily traffic volumes.
Excellent Access: Minutes to the I-405 and I-110 freeways, providing seamless connectivity throughout Los Angeles and South Bay.
Major Retail & Commercial Hub: Surrounded by national retailers such as Target, Ralphs, Best Buy, and major shopping centers.
Strategic Positioning: Close proximity to Torrance Memorial Medical Center, Del Amo Fashion Center, and major corporate campuses.
Retail Vacancy: Torrance maintains a retail vacancy rate under 5%, one of the lowest in the South Bay region.
Rental Growth: Strong historical rent growth supported by limited supply and high demand.
Economic Resilience: Torrance's diverse economy and high median income offer insulation against market volatility.
Population (within 3 miles): 220,000+ residents
Average Household Income (within 3 miles): $120,000+
Median Age: 41 years
Educational Attainment: 44% of residents hold a bachelor's degree or higher
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,048 SF
Building Class
B
Year Built
2002
Price
$9,580,000
Price Per SF
$636.63
Cap Rate
4.42%
NOI
$423,436
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.35 AC
Zoning
C3PP04
Frontage
Amenities
- Car Charging Station
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7369-005-042 | Improvements Assessment | $3,797,460 |
| Land Assessment | $5,722,200 | Total Assessment | $9,519,660 |
Property Taxes
Parcel Number
7369-005-042
Land Assessment
$5,722,200
Improvements Assessment
$3,797,460
Total Assessment
$9,519,660
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Walgreens | 2976 Sepulveda Blvd
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