$5,750,000 USD
831-325-9847
1634 E Highland Ave
San Bernardino, CA 92404
Northeast Sterling
HIGHLIGHTS
- Absolute NNN Walgreens with Passive Income Long-term absolute triple-net lease — Walgreens covers 100% of expenses, delivering predictable, management
- 8+ Years Remaining with Built-In Rent Growth Lease through 2034 with 5% contractual rent increases every five years plus twelve 5-year renewal options
- Stable, Bond-Like Cash Flow from Essential Tenant $389,028 annual rent backed by a nationally recognized, needs-based pharmacy serving daily consumer
- ?Prime Signalized Corner Near Medical Anchor High-visibility location on E. Highland Ave with strong traffic counts and proximity to Dignity Health
FOR SALE DETAILS
PRICE
$5,750,000 USD
PRICE/SF
$413 USD /SF
CAP RATE
6.76%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
74
LAND DETAILS
LAND ACRES
1.44 AC
LAND SF
62,726 SF
ZONING
CG-1
APN/PARCEL ID
0150-462-04
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831-325-9847
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831-325-9847
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