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Walgreens 1634 E Highland Ave 13,914 SF Retail Building San Bernardino, CA 92404 $7,859,905 CAD ($564.89 CAD/SF) 6.76% Cap Rate
Investment Highlights
- Absolute NNN Walgreens with Passive Income Long-term absolute triple-net lease — Walgreens covers 100% of expenses, delivering predictable, management
- Stable, Bond-Like Cash Flow from Essential Tenant $389,028 annual rent backed by a nationally recognized, needs-based pharmacy serving daily consumer
- 8+ Years Remaining with Built-In Rent Growth Lease through 2034 with 5% contractual rent increases every five years plus twelve 5-year renewal options
- ?Prime Signalized Corner Near Medical Anchor High-visibility location on E. Highland Ave with strong traffic counts and proximity to Dignity Health
Executive Summary
This offering presents an opportunity to acquire a stabilized, long term Walgreens on an absolute NNN lease located at 1634 E. Highland Avenue in San Bernardino. With 8 years remaining of lease term, this provides investors with truly passive, management free ownership.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,914 SF
Building Class
B
Year Built
2002
Price
$7,859,905 CAD
Price Per SF
$564.89 CAD
Cap Rate
6.76%
NOI
$531,330 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.44 AC
Opportunity Zone
Yes
Zoning
CG-1
Parking
74 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0150-462-04 | Improvements Assessment | $5,847,516 CAD |
| Land Assessment | $1,949,172 CAD | Total Assessment | $7,796,688 CAD |
Property Taxes
Parcel Number
0150-462-04
Land Assessment
$1,949,172 CAD
Improvements Assessment
$5,847,516 CAD
Total Assessment
$7,796,688 CAD
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Walgreens | 1634 E Highland Ave
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