9305 Mission Gorge Rd - Drug Store FOR SALE


Santee, CA 92071
$10,450,000 USD
332-345-4222
9305 Mission Gorge Rd, Santee, CA for Sale
$10,450,000 USD
Drug Store - FOR SALE
1/2
null | 5.5% Cap Rate

9305 Mission Gorge Rd
Santee, CA 92071


HIGHLIGHTS

  • Long Term Absolute Triple-Net (NNN) Lease with 10 Years Remaining
  • Extremely Attractive Better Than Market Loan Assumption with a 4.30% Interest Only Loan and a 7.19% Cash on Cash Return
  • Lease Guaranteed by Walgreen’s Corporate Entity

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for the Walgreens located at 9305 Mission Gorge Rd in Santee, CA. The site consists of roughly 13,666 rentable square feet of building space on an estimated 1.15-acre parcel of land. This property is subject to a long term, triple net (NNN) lease, which expires on June 30, 2034. The current annual rent is $575,000 and is subject to the tenant having 10, 5-year renewal options.

FOR SALE DETAILS

PRICE

$10,450,000 USD

PRICE/SF

$765 USD /SF

CAP RATE

5.5%

% 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

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

c

APN/PARCEL ID

383-124-67,383-124-68

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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