15480 Main St - Drug Store FOR SALE


Hesperia, CA 92345
$5,872,210 USD
951-545-7339
15480 Main St, Hesperia, CA for Sale
$5,872,210 USD
Drug Store - FOR SALE
1/41
null | 5.7% Cap Rate

15480 Main St
Hesperia, CA 92345


OVERVIEW

Prime Investment Opportunity: Secure an investment in this Retail property with Walgreens (NASDAQ: WBA) boasting an Investment Grade Credit Rating of "BBB" by Standard & Poor's. Lucrative Returns: With 2024 annual revenues surpassing $147 Billion, up over 6% from the previous year, and the tenant operating at this location for 20 years, this property presents a compelling opportunity for investors seeking a stable and high ROI potential. Added Value: Benefit from the convenience of a drive-thru pharmacy on-site, enhancing the property's appeal and further solidifying its position as a lucrative investment in the competitive retail sector. Zero landlord responsibility with absolute Triple Net lease. Lucrative investment opportunity with the tenant responsible for all NNN fees, including property taxes and insurance, ensuring a hassle-free income stream for investors. With a 75-year lease that began in February 2006, stability and long-term returns are at the core of this enticing offering. The lease has ten separate 5-year termination options with the first termination option on January 31, 2031.

FOR SALE DETAILS

PRICE

$5,872,210 USD

PRICE/SF

$405 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,078 SF

ZONING

NC

APN/PARCEL ID

0408-181-01

ASK ABOUT THIS PROPERTY

Eric AultJamco EquitiesMore Info
951-545-7339

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Eric AultJamco EquitiesMore Info
951-545-7339

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