A rare investment opportunity on Coronado Island, this Walgreens property is a true trophy asset in one of Southern California’s most desirable coastal locations. Situated at 925 Orange Avenue, the property benefits from high barriers to entry, limited commercial real estate availability, and strong consumer demand. This 9,490 SF single-tenant net lease (STNL) property offers investors stable, long-term cash flow with zero landlord responsibilities.
With over 21 years remaining on the corporate-backed absolute NNN lease, this investment ensures consistent income growth, with 10% rent increases every five years. Coronado’s thriving tourism industry, strong local economy, and affluent demographics further enhance the investment’s security and upside potential.
As one of the few commercial properties in this sought-after market, this Walgreens represents not only a secure cash-flowing asset but also a prime long-term redevelopment opportunity, with the landlord having the option to recapture the property in 2037.