4935 Warner Ave - Drug Store FOR SALE


Huntington Beach, CA 92649
$19,500,000 USD
646-850-9837
4935 Warner Ave, Huntington Beach, CA for Sale
$19,500,000 USD
Drug Store - FOR SALE
1/4
null | 4.42% Cap Rate

4935 Warner Ave
Huntington Beach, CA 92649


HIGHLIGHTS

  • Absolute Triple Net Walgreens in Orange County, California
  • Excellent Traffic Counts (49,000+ VPD) at Hard Corner, Signalized Intersection
  • Average Household Income Within 3 Miles above $112,521
  • Extremely Rare Rent Escalations Every 5 Years

OVERVIEW

HMX Realty Advisors is pleased to offer to qualified investors the opportunity to purchase a trophy (land and building) NNN Walgreens (NASDAQ: WAG) in Southern California. The property is located at the signalized intersection of Bolsa Chica Street and Warner Avenue in the high barrier to entry city of Huntington Beach, California. Huntington Beach is a seaside city in Orange County in Southern California. It is bordered by the Pacific Ocean on the southwest, by Seal Beach on the northwest, by Costa Mesa on the east, by Newport Beach on the southeast, by Westminster on the north, and by Fountain Valley on the northeast. It is known for its long 9.5-mile stretch of sandy beach, mild climate, excellent surfing, and beach culture. The ocean waves are enhanced by a natural effect caused by the edge- diffraction of open ocean swells around the island of Catalina. Retailers in the immediate surrounding area include CVS, Little Caesars, Harbour Tire, Goodyear, McDonald’s, Pick Up Stix, Starbucks, Dairy Queen, Ralphs, and Wells Fargo.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$1,416 USD /SF

CAP RATE

4.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Base Term Increases - REDUCED

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CG

APN/PARCEL ID

178-263-27

ASK ABOUT THIS PROPERTY

Andrew GreenbergHMX Realty AdvisorsMore Info
646-850-9837

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Andrew GreenbergHMX Realty AdvisorsMore Info
646-850-9837

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