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17051 Bear Valley Rd 15,120 SF Retail Building Hesperia, CA 92345 $9,380,583 CAD ($620.41 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Walgreens is one of the world’s most well-known drugstore chains with over 8,500 locations throughout the US
- CORNER LOCATION - Located at the corner of Bear Valley Road and Hesperia Road with tremendous visibility and access from both streets
- IDEAL 1031 EXCHANGE OPPORTUNITY
- CURRENTLY WALGREEN’S ONLY 24-HOUR STORE IN THIS HIGH-DESERT REGION
- Location is proximate to both residential and commercial uses
- Net lease structure is ideal for a passive investor looking for stable cash flow with zero landlord maintenance obligations
EXECUTIVE SUMMARY
Walgreens Pharmacy has occupied the site for over 23 years and has just exercised a new 5-year option to extend.
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Oct 2027
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | Oct 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0415-032-30 | Improvements Assessment | $6,153,444 CAD |
| Land Assessment | $1,678,212 CAD | Total Assessment | $7,831,656 CAD |
PROPERTY TAXES
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17051 Bear Valley Rd
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