925 Orange Ave - Drug Store FOR SALE


Coronado, CA 92118
$13,470,000 USD
559-916-0370
925 Orange Ave, Coronado, CA for Sale
$13,470,000 USD
Drug Store - FOR SALE
1/5
null | 3% Cap Rate

925 Orange Ave
Coronado, CA 92118


HIGHLIGHTS

  • Rare 10% increases every 5 years
  • Option to extend in 34 years at fair-market value
  • Future redevelopment opportunity by taking property back in 2037
  • Corporate-backed lease with 21 years remaining

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,470,000 USD

PRICE/SF

$1,419 USD /SF

CAP RATE

3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens on Coronado | STNL | Rare Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

CC, Coronado

APN/PARCEL ID

537-341-21

ASK ABOUT THIS PROPERTY

Brett VisintainerVisintainer GroupMore Info
559-916-0370

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Brett VisintainerVisintainer GroupMore Info
559-916-0370

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