7195 Broadway | Lemon Grove, CA 91945
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- LoopNet Team
7195 Broadway
Lemon Grove, CA 91945
Zero Cash Flow Walgreens - San Diego, CA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens Boots Alliance – Best in Class Operator – 18,500+ Stores Worldwide
- Investment Grade Tenant (S&P Rating: BBB)/Publicly Traded Company (WGA: NYSE)
- Hard Corner Location with Over 48,000 Vehicles/Day at Intersection in Desirable San Diego County Trade Area with AHHI of $80,349 within 3 Mile Radius
- Essential Use Retailer With 10.9% Earnings Growth in Most Recent Quarter Which Saw Significant Increase in both Foot and Online Traffic
- Long-Term Absolute NNN Lease/Over 18 Years Remaining On Lease Term/Ease of Management
- Ideal Tax Shelter – Fully Depreciable Leasehold Investment (Building Only)/Zero Cash Flow Investment with Fully Amortizing Loan
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,253 SF
Building Class
B
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.87 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 479-070-33 | Improvements Assessment | $4,346,301 |
| Land Assessment | $2,873,386 | Total Assessment | $7,219,687 |
PROPERTY TAXES
Parcel Number
479-070-33
Land Assessment
$2,873,386
Improvements Assessment
$4,346,301
Total Assessment
$7,219,687
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