3320 Chino Hills Pky - Drug Store FOR SALE


Chino Hills, CA 91709- Los Serranos
$8,823,530 USD
310-435-9106
3320 Chino Hills Pky, Chino Hills, CA for Sale
$8,823,530 USD
Drug Store - FOR SALE
1/2
null | 5.95% Cap Rate

3320 Chino Hills Pky
Chino Hills, CA 91709
Los Serranos


HIGHLIGHTS

  • Assumable 3.29% loan of $5,175,000 with payment of $22,896/mo.
  • Strong Signalized Corner with approx 38,400 cars/day
  • Adjacent to Large Senior Living Center
  • National Credit Tenant
  • 10 years (+/-) Remaining on Initial Lease Term - Followed by 10 five year options

OVERVIEW

PRICE REDUCED $1,176,000!! Corcoran Group of California, Inc., Dan Corcoran is pleased to offer this exclusively listed Walgreens located at 3320 Chino HIlls Parkway, Chino Hills, CA 91709. This fee simple property presents an absolute net lease, ensuring zero landlord responsibilities, backed by a full investment-grade Walgreens guaranty, offering investors a hassle-free, passive income stream. With a preferred five-year option structure, this location presents robust sales volumes and stability The building is approximately 14,833 square feet on a 1.58 acre lot. There is an assumable (1/4 point assumption fee) $5,175,000 loan at 3.29% with monthly payments of $22,896.07 balloning in approximately nine years. The after payment cash flow (cash-on-cash) is $20,854 per month. Tenant maintains the property and pays all operating expenses directly. Property is strategically located on Chino Hills Pkwy (38,400 cars/day) with great exposure and visibility. It is on a signalized intersection adjacent to a large senior living complex and surrounded by affulent homes.

FOR SALE DETAILS

PRICE

$8,823,530 USD

PRICE/SF

$595 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C-O

APN/PARCEL ID

1025-321-02

ASK ABOUT THIS PROPERTY

Daniel CorcoranCorcoran Group of CaliforniaMore Info
310-435-9106

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Daniel CorcoranCorcoran Group of CaliforniaMore Info
310-435-9106

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