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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 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 End | ||
|
|
Retailer | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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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