7878 Crescent Ave - Drug Store FOR SALE


Buena Park, CA 90620
$9,500,000 USD
858-449-9922
7878 Crescent Ave, Buena Park, CA for Sale
$9,500,000 USD
Drug Store - FOR SALE
1/9
null | 5.58% Cap Rate

7878 Crescent Ave
Buena Park, CA 90620


HIGHLIGHTS

  • Signalized Hard Corner with over 80,500 VPD
  • Adjacent to Knott's Berry Farm, a 57-Acre Amusement Park with Over 5-Million Visitors Per Year
  • 265k Population and $115k Household Incomes within 3-Miles
  • High Barriers to Entry - Potential Future Redevelopment Play

OVERVIEW

*Corporate Tenant with Proven Sales Performance *Absolute NNN Lease with Walgreens Corporate Guaranty (S&P rated BB-) *Ranks in the top 25th percentile nationwide for visits (Placer.ai) *LabCorp Location - convenient lab and bloodwork testing on-site at this select location *Huge traffic count with over 80,500 vehicles per day at the intersection of Beach and Crescent *½ mile south of Buena Park Downtown Shopping Mall, a top-ranking destination Power Center with 1.4 million square feet of retail space and an estimated 7.7M visits in the past 12-months (Placer.ai) and 6 miles northwest of Disneyland Park and Resort, ranked the #2 theme park worldwide with 17.25 million visitors in 2023 *1.3 miles north of Western High School (~1,700 students), 2 miles west of Savanna High School (~1,700 students), and 2.5 miles east of John F. Kennedy High School (~2,100 students)

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$696 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,779 SF

ZONING

CG

APN/PARCEL ID

135-101-31

ASK ABOUT THIS PROPERTY

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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