Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

951 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Walgreens 2840 W Avenue L 14,000 SF Retail Building Lancaster, CA 93536 $5,393,133 CAD ($385.22 CAD/SF) 7.05% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Long-Term Commitment from Walgreens
True Neighborhood Area & Strong Demographics
Irreplaceable Corner in Lancaster’s Retail Corridor

Secure Corporate Net Lease Structure
Accessible Corner Site with Exceptional Visibility

EXECUTIVE SUMMARY

This established, corporate-backed Walgreens recently renewed their lease through 2030 and has operated for over two decades at this location. With minimal landlord responsibilities, strong neighborhood demographics, and a prime hard-corner position across from a major grocery anchor, this asset is a proven performer in one of Lancaster’s most vital retail corridors.

Walgreens_LancasterCA

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,000 SF

Building Class

Year Built

2001

Price

$5,393,133 CAD

Price Per SF

$385.22 CAD

Cap Rate

7.05%

NOI

$380,216 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Lot Size

2.47 AC

Zoning

LRCPD

Parking

75 Spaces (5.36 Spaces per 1,000 SF Leased)

Frontage

220’ on W Avenue L

Corner Lot

Pylon Sign

Signalized Intersection

Drive Thru

Retailer
-
$9.99
Lorem Ipsum
Jan 0000

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.