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Walgreens | Big Bear Lake, CA 42107 Big Bear Blvd 12,581 SF Retail Building Big Bear Lake, CA 92315 $5,565,000 ($442.33/SF) 5.65% Cap Rate
Investment Highlights
- Trophy Big Bear Lake Location: Located at the signalized intersection of Big Bear Boulevard (29,441 CPD)
- Irreplaceable Destination Real Estate: Located less than 1 mile from Big Bear Lake, Snow Summit Ski Resort, and Bear Mountain Ski Resort
- Established, Proven Location: Walgreens has successfully operated at this location for over 20 years with 5 years remaining and multiple options
- Limited Competition/High Barriers to Entry for National Credit Retailers: Extremely rigorous entitlement process
- Top Performing Location: Walgreens store sales consistently rank at the top of the chain (lease inquire with the broker for more information)
- Upgraded, Unique Mountain-Themed Construction; Pride of Ownership Asset
Executive Summary
Trophy Big Bear Lake Location | 7,000,000 Annual Visitors | Absolute NNN Lease
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,581 SF
Building Class
B
Year Built
2007
Price
$5,565,000
Price Per SF
$442.33
Cap Rate
5.65%
NOI
$314,423
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.48 AC
Zoning
C-2 - Commercial General
Parking
35 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Monument Signage
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 | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2328-201-04 | Improvements Assessment | $4,473,700 |
| Land Assessment | $1,872,700 | Total Assessment | $6,346,400 |
Property Taxes
Parcel Number
2328-201-04
Land Assessment
$1,872,700
Improvements Assessment
$4,473,700
Total Assessment
$6,346,400
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