17051 Bear Valley Rd - Drug Store FOR SALE


Hesperia, CA 92345
$6,720,000 USD
626-240-2783
17051 Bear Valley Rd, Hesperia, CA for Sale
$6,720,000 USD
Drug Store - FOR SALE
1/3
null | 5% Cap Rate

17051 Bear Valley Rd
Hesperia, CA 92345


HIGHLIGHTS

  • Walgreens is one of the world’s most well-known drugstore chains with over 8,500 locations throughout the US
  • CURRENTLY WALGREEN’S ONLY 24-HOUR STORE IN THIS HIGH-DESERT REGION
  • CORNER LOCATION - Located at the corner of Bear Valley Road and Hesperia Road with tremendous visibility and access from both streets
  • Location is proximate to both residential and commercial uses
  • IDEAL 1031 EXCHANGE OPPORTUNITY
  • Net lease structure is ideal for a passive investor looking for stable cash flow with zero landlord maintenance obligations

OVERVIEW

TROPHY SINGLE-TENANT NNN LEASE WITH WALGREENS Walgreens Pharmacy has occupied the site for over 23 years and has just exercised a new 5-year option to extend.

FOR SALE DETAILS

PRICE

$6,720,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

0415-032-30

ASK ABOUT THIS PROPERTY

Tim GenskeLee & AssociatesMore Info
626-240-2783

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

Tim GenskeLee & AssociatesMore Info
626-240-2783

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