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9830 N Long Beach Blvd
South Gate, CA 90280
SoCal Walgreens $11.8M NNN 10 Yr Lease · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Rental income is guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,000 locations.
- RARE INFILL LOS ANGELES MSA INVESTMENT - Rare NNN drugstore 8.6 mi S of LA, demos of 1,000,000 residents, 237,000 households in 5-mi radius.
- TRAFFIC COUNTS OF OVER 48,000 VPD - Located on Long Beach Blvd., the main thoroughfares used by the workforce directly into L.A.
- FREE/CLEAR DEBT OR DEBT ASSUMPTION - Current loan to be paid off at closing by seller. Buyer has option to assume existing interest only debt at 5.31.
- 10+ YRS, ABSOLUTE NET LEASE, STRONG REPORTED SALES –Walgreens is reporting strong sales at this location and operates on an absolute net lease.
- ONLY WALGREENS WITHIN A 2 MI RADIUS - Only Walgreens in a 2-mi radius and one of only three Walgreens serving over 100,000 HH in a 3 -mi radius.
Property Facts
Property Type
Retail
Property Subtype
Building Size
12,375 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.24
Lot Size
1.20 AC
Zoning
SGCM*
Parking
55 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 6206-012-032 | Improvements Assessment | $2,112,000 |
| Land Assessment | $7,100,000 | Total Assessment | $9,212,000 |
Property Taxes
Parcel Number
6206-012-032
Land Assessment
$7,100,000
Improvements Assessment
$2,112,000
Total Assessment
$9,212,000
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