4935 Warner Ave - Drug Store FOR SALE


Huntington Beach, CA 92649
$16,000,000 USD
949-725-8606
4935 Warner Ave, Huntington Beach, CA for Sale
$16,000,000 USD
Drug Store - FOR SALE
1/5
null | 5.47% Cap Rate

4935 Warner Ave
Huntington Beach, CA 92649


HIGHLIGHTS

  • Trophy Orange County STNL Investment
  • National Credit Tenant – Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is the largest pharmacy chain in the world
  • Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has over 11 years of firm remaining lease term

OVERVIEW

* Trophy Orange County STNL Investment – Few STNL assets with national credit tenancy come to market in Orange County, making this NNN leased Walgreens a rare and compelling retail investment opportunity. This Walgreens benefits from its strategic location within coastal Huntington Beach, aka Surf City USA, drawing from both the affluent local population and the millions of tourists who visit annually * 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 * Long-Term NNN Lease – Walgreens is on a 60-year lease which commenced in 2011 and has over 11 years of firm remaining lease term * High-Traffic, Signalized Intersection Location – Located at a signalized intersection (Warner Avenue @ 27,100+ CPD and Bolsa Chica Street @ 17,600+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within close proximity including Ralphs, Trader Joes, Albertsons, Petco, 24 Hour Fitness, Savers, Bank of America, Wells Fargo, Starbucks, Taco Bell, and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location * Top Tourist Destination – Huntington Beach is a major tourist destination, drawing over 3 million visitors annually who contribute over $400 million into the local economy each year

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$1,162 USD /SF

CAP RATE

5.47%

% 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

2011

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CG

APN/PARCEL ID

178-263-27

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.