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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
* 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
AMENITIES
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
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- Retailer
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$9.99
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Lorem Ipsum
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Jan 0000
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
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
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Walgreens | 4935 Warner Ave
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