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Walgreens 4935 Warner Ave 13,790 SF Retail Building Huntington Beach, CA 92649 $14,950,000 ($1,084.12/SF) 5.91% Cap Rate



Investment Highlights
- Trophy Orange County STNL Investment
- Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has over 11 years of firm remaining lease term
- High-Traffic, Signalized Intersection Location – Located at signalized intersection (Warner Avenue @ 27,100+ CPD and Bolsa Chica Street @ 17,600+ CPD
- National Credit Tenant – Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is the largest pharmacy chain in the world
- Walgreens Boots Alliance has over 12,700 stores across 8 countries
Executive Summary
* Trophy Orange County STNL Investment – Few STNL assets with national credit tenancy come to market in Orange County, making this NNN leased Walgreens a rare and compelling retail investment opportunity. This Walgreens benefits from its strategic location within coastal Huntington Beach, aka Surf City USA, drawing from both the affluent local population and the millions of tourists who visit annually
* National Credit Tenant – Walgreens is one of the largest pharmacy chains in the United States, serving millions of customers daily
* Walgreens Boots Alliance has over 12,700 stores across 8 countries, offering a wide range of prescription drugs, over-the-counter medications, and healthcare services
* Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has 10+ years of firm remaining lease term
* High-Traffic, Signalized Intersection Location – Located at a signalized intersection (Warner Avenue @ 27,100+ CPD and Bolsa Chica Street @ 17,600+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within close proximity including Ralphs, Trader Joes, Albertsons, Petco, 24 Hour Fitness, Savers, Bank of America, Wells Fargo, Starbucks, Taco Bell, and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location
* Top Tourist Destination – Huntington Beach is a major tourist destination, drawing over 3 million visitors annually who contribute over $400 million into the local economy each year
* National Credit Tenant – Walgreens is one of the largest pharmacy chains in the United States, serving millions of customers daily
* Walgreens Boots Alliance has over 12,700 stores across 8 countries, offering a wide range of prescription drugs, over-the-counter medications, and healthcare services
* Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has 10+ years of firm remaining lease term
* High-Traffic, Signalized Intersection Location – Located at a signalized intersection (Warner Avenue @ 27,100+ CPD and Bolsa Chica Street @ 17,600+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within close proximity including Ralphs, Trader Joes, Albertsons, Petco, 24 Hour Fitness, Savers, Bank of America, Wells Fargo, Starbucks, Taco Bell, and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location
* Top Tourist Destination – Huntington Beach is a major tourist destination, drawing over 3 million visitors annually who contribute over $400 million into the local economy each year
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,790 SF
Building Class
B
Year Built
2011
Price
$14,950,000
Price Per SF
$1,084.12
Cap Rate
5.91%
NOI
$883,283
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.30 AC
Zoning
CG
Parking
60 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 Type | Lease End | |
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 178-263-27 | Improvements Assessment | $1,441,782 |
| Land Assessment | $2,364,017 | Total Assessment | $3,805,799 |
Property Taxes
Parcel Number
178-263-27
Land Assessment
$2,364,017
Improvements Assessment
$1,441,782
Total Assessment
$3,805,799
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Walgreens | 4935 Warner Ave
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