3507 Cannon Rd
Oceanside, CA 92056
Walgreens · Retail Property For Sale

Single-tenant absolute NNN Walgreens (NASDAQ:WBA); tenant is responsible for all expenses including roof and structure Long-term 75-year lease; guaranteed 16+ years remaining on initial 25-year term Walgreens is rated BBB (investment grade) by S&P; extremely stable and secure investment opportunity Established Walgreens built in 2007 with drive-thru convenience Pad to Ralph' s grocery anchored shopping center with other national tenants including McDonalds, AutoZone, Pizza Hut, and Taco Bell Over 42,000 cars per day at the hard corner of Cannon Road and Melrose Drive #1 Drug Store in the nation; approximately 8,200 drugstore locations Dense, affluent, In-Fill location; 280,000+ population within a 5-mile radius and $79,000+ average household income within a 1-mile radius Less than 5 miles from two regional hospitals: Tri-City Medical Center (397 Beds) and Scripps Coastal Medical Center Close Proximity to senior retirement community; the subject property is adjacent to Ocean Hills Country Club, an active senior retirement community with over 1,600 homes Ideally located on Melrose Drive, a Major North/South thoroughfare in the City of Oceanside Outstanding North San Diego County location within minutes from the 5, 76, and 78 freeways