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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
*Corporate Tenant with Proven Sales Performance
*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)
*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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
C
Year Built
2004
Price
$9,500,000
Price Per SF
$695.97
Cap Rate
5.58%
NOI
$530,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.44 AC
Zoning
CG - CG – Commercial General
Parking
68 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
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 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 Type | Lease End | |
|
|
Retailer | 13,650 SF | $3.24 | Triple Net | Feb 2029 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
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
Parcel Number
135-101-31
Land Assessment
$4,863,973
Improvements Assessment
$2,508,042
Total Assessment
$7,372,015
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