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.