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17051 Bear Valley Rd 15,120 SF Retail Building Hesperia, CA 92345 $6,707,071 CAD ($443.59 CAD/SF) 6.86% Cap Rate
Investment Highlights
- Walgreens Pharmacy has occupied the site for over 23 years and has just exercised a new 5-year option to extend
- CURRENTLY WALGREEN’S ONLY 24-HOUR STORE IN THIS HIGH-DESERT REGION
- Location is proximate to both residential and commercial uses / IDEAL 1031 EXCHANGE OPPORTUNITY
- Walgreens is one of the world’s most well-known drugstore chains with over 8,500 locations throughout the US
- Located at the corner of Bear Valley Road and Hesperia Road with tremendous visibility and access from both streets
- Net lease structure is ideal for a passive investor looking for stable cash flow with zero landlord maintenance obligations
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 major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| 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 | $6,022,676 CAD |
| Land Assessment | $1,642,548 CAD | Total Assessment | $7,665,224 CAD |
Property Taxes
Presented by
17051 Bear Valley Rd
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