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Walgreens 7878 Crescent Ave 13,650 SF Retail Building Buena Park, CA 90620 $9,500,000 ($695.97/SF) 5.58% Cap Rate
Investment Highlights
- Signalized Hard Corner with over 80,500 VPD
- 265k Population and $115k Household Incomes within 3-Miles
- Adjacent to Knott's Berry Farm, a 57-Acre Amusement Park with Over 5-Million Visitors Per Year
- High Barriers to Entry - Potential Future Redevelopment Play
Executive Summary
*Absolute NNN Lease with Walgreens Corporate Guaranty (S&P rated BB-)
*Ranks in the top 25th percentile nationwide for visits (Placer.ai)
*LabCorp Location - convenient lab and bloodwork testing on-site at this select location
*Huge traffic count with over 80,500 vehicles per day at the intersection of Beach and Crescent
*½ mile south of Buena Park Downtown Shopping Mall, a top-ranking destination Power Center with 1.4 million square feet of retail space and an estimated 7.7M visits in the past 12-months (Placer.ai) and 6 miles northwest of Disneyland Park and Resort, ranked the #2 theme park worldwide with 17.25 million visitors in 2023
*1.3 miles north of Western High School (~1,700 students), 2 miles west of Savanna High School (~1,700 students), and 2.5 miles east of John F. Kennedy High School (~2,100 students)
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 13,650 SF
- $3.24
- Triple Net
- Feb 2029
Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 13,650 SF | $3.24 | Triple Net | Feb 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 135-101-31 | Improvements Assessment | $2,508,042 |
| Land Assessment | $4,863,973 | Total Assessment | $7,372,015 |
Property Taxes
Presented by
Walgreens | 7878 Crescent Ave
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