27951 Baseline St
Highland, CA 92346
Crossroads
HIGHLIGHTS
- The subject property is offered at $4,725,000, reflecting a 7.50% cap rate on in-place NOI of $354,275.
- Over the remaining 9.7 years of firm lease term, Walgreens is scheduled to pay approximately $3,436,000 in total base rent.
- This is the only Walgreens in the entire City of Highland, serving a community of approximately 73,628 residents.
- Walgreens has operated at this location continuously since 2001, demonstrating long-term commitment to the site.
- The lease is structured as NN (Landlord responsible for roof and structure only).
- he subject property is positioned on the signalized hard corner of Baseline Street and Boulder Avenue.
FOR SALE DETAILS
PRICE
$4,725,000 USD
PRICE/SF
$340 USD /SF
CAP RATE
7.5%
% 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
2001
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
1.78 AC
LAND SF
77,512 SF
ZONING
Commercial Retail
APN/PARCEL ID
1201-131-05
ASK ABOUT THIS PROPERTY
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818-259-0476
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818-259-0476
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