1241 W Foothill Blvd - Freestanding FOR SALE


Upland, CA 91786
$6,354,992 USD
510-388-4438
1241 W Foothill Blvd, Upland, CA for Sale
$6,354,992 USD
Freestanding - FOR SALE
1/4
null | 6.15% Cap Rate

1241 W Foothill Blvd
Upland, CA 91786


HIGHLIGHTS

  • New 15 year absolute NNN lease with 5% increases every 5 years
  • Exceptional Reported Sales of $5.4MM
  • Corporate guarantee - NASDAQ:WBA
  • High visibility at intersection of Foothill Blvd & Mountain Avenue (50,000+ VPD)
  • Nearby access to 210, 10 and 60 freeways
  • Desirable 3-mile radius demographics - 156,431 residents with $102,802 average household income

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Upland, California with a new 15 Year absolute NNN lease. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. There are 5% increases every 5 years throughout the initial term, and in each option. There are twelve 5-year renewal options. The building is situated within a 4.74 acre Neighborhood Center shared with multiple tenants such as LabCorp, Mount Hill Dentist, Habit Burger & Grill, Swirls Soft Serve and U-Spa Massage. The site benefits from its highly visible location at the major intersection of Foothill Boulevard (Route 66) and Mountain Avenue with exposure to over 50,000 vehicles per day. Foothill Boulevard is the primary commuter and retail corridor serving Upland, Claremont, Rancho Cucamonga, and the rest of the Inland Empire, while Mountain Avenue serves as a major north/south corridor connecting residents to the 210, 10 and 60 Freeways. The surrounding area boasts 3-mile demographics of 156,431 residents with an $102,802 average household income. Neighboring tenants include Stater Bros. Markets, Walmart, Smart & Final, Planet Fitness, Domino's Pizza, KFC, Burger King, Subway, The UPS Store, FedEx Office Print & Ship Center, Chevron, Pizza Hut, Habit Burger & Grill, Starbucks & many more.

FOR SALE DETAILS

PRICE

$6,354,992 USD

PRICE/SF

$423 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens New 15 Year Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

1006-511-42

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.