4041 N Sierra Way - Drug Store FOR SALE


San Bernardino, CA 92407- Wildwood Park
$4,929,000 USD
949-725-8606
4041 N Sierra Way, San Bernardino, CA for Sale
$4,929,000 USD
Drug Store - FOR SALE
1/6
null | 7% Cap Rate

4041 N Sierra Way
San Bernardino, CA 92407
Wildwood Park


HIGHLIGHTS

  • National Credit Tenant – Walgreens Boots Alliance, Inc. - is the largest pharmacy chain in the world, serving millions of customers daily
  • High Performing Location – Location reports strong sales and ranks in the top 75th percentile of Walgreens locations nationwide by foot traffic
  • Long-Term NNN Lease – Walgreens is on a 62-year lease which commenced in 2001 and has over 8 years of firm remaining lease term

OVERVIEW

* National Credit Tenant – Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is the largest pharmacy chain in the world, serving millions of customers daily * Walgreens Boots Alliance has over 12,700 stores across 8 countries, offering a wide range of prescription drugs, over-the-counter medications, and healthcare services. * High Performing Location – This Walgreens location reports strong sales and ranks in the top 75th percentile of Walgreens locations nationwide by foot traffic, according to Placer.ai (contact broker for more details) * Long-Term NNN Lease – Walgreens is on a 62-year lease which commenced in 2001 and has over 8 years of firm remaining lease term * Irreplaceable Corner Parcel, High Barriers to Entry – Approximate 65,600 SF parcel at a high-traffic, signalized intersection in a supply constrained, densely populated, infill Inland Empire location with very few sites available for future development or redevelopment, creating high barriers to entry and ensuring the property’s long-term success * Daily Needs Retail Hub Location – Located at a signalized intersection (E 40th St @ 22,400+ CPD and N Sierra Way @ 11,800+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within a 1-mile radius including Stater Bros, Cardenas Markets, TJ Maxx, AutoZone, 7-Eleven, Starbucks and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location.

FOR SALE DETAILS

PRICE

$4,929,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

7%

% 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

80

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

CG, San Bernadino

APN/PARCEL ID

0154-242-49

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

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