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Walgreens 4041 N Sierra Way 15,120 SF Retail Building San Bernardino, CA 92407 $6,818,729 CAD ($450.97 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- National Credit Tenant – Walgreens Boots Alliance, Inc. - is the largest pharmacy chain in the world, serving millions of customers daily
- Long-Term NNN Lease – Walgreens is on a 62-year lease which commenced in 2001 and has over 8 years of firm remaining lease term
- High Performing Location – Location reports strong sales and ranks in the top 75th percentile of Walgreens locations nationwide by foot traffic
EXECUTIVE SUMMARY
* National Credit Tenant – Walgreens is one of the largest pharmacy chains in the United States serving millions of customers daily
* Walgreens has over 8,500 stores throughout the US and Puerto Rico, offering a wide range of prescription drugs, over-the-counter medications, and healthcare services
* High Performing Location – This Walgreens location reports strong sales and ranks in the top 75th percentile of Walgreens locations nationwide by foot traffic, according to Placer.ai (contact broker for more details)
* Long-Term NNN Lease – Walgreens is on a 62-year lease which commenced in 2001 and has over 8 years of firm remaining lease term
* Irreplaceable Corner Parcel, High Barriers to Entry – Approximate 65,600 SF parcel at a high-traffic, signalized intersection in a supply constrained, densely populated, infill Inland Empire location with very few sites available for future development or redevelopment, creating high barriers to entry and ensuring the property’s long-term success
* Daily Needs Retail Hub Location – Located at a signalized intersection (E 40th St @ 22,400+ CPD and N Sierra Way @ 11,800+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within a 1-mile radius including Stater Bros, Cardenas Markets, TJ Maxx, AutoZone, 7-Eleven, Starbucks and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location.
* Walgreens has over 8,500 stores throughout the US and Puerto Rico, offering a wide range of prescription drugs, over-the-counter medications, and healthcare services
* High Performing Location – This Walgreens location reports strong sales and ranks in the top 75th percentile of Walgreens locations nationwide by foot traffic, according to Placer.ai (contact broker for more details)
* Long-Term NNN Lease – Walgreens is on a 62-year lease which commenced in 2001 and has over 8 years of firm remaining lease term
* Irreplaceable Corner Parcel, High Barriers to Entry – Approximate 65,600 SF parcel at a high-traffic, signalized intersection in a supply constrained, densely populated, infill Inland Empire location with very few sites available for future development or redevelopment, creating high barriers to entry and ensuring the property’s long-term success
* Daily Needs Retail Hub Location – Located at a signalized intersection (E 40th St @ 22,400+ CPD and N Sierra Way @ 11,800+ CPD) within a high-traffic retail corridor, Walgreens benefits from a synergistic and high-quality mix of tenants within a 1-mile radius including Stater Bros, Cardenas Markets, TJ Maxx, AutoZone, 7-Eleven, Starbucks and more, fortifying the value-focused and daily needs draw of the area while proving the viability of this retail location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2001
Price
$6,818,729 CAD
Price Per SF
$450.97 CAD
Cap Rate
7%
NOI
$477,270 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.51 AC
Zoning
CG, San Bernadino
Parking
80 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0154-242-49 | Improvements Assessment | $4,291,763 CAD |
| Land Assessment | $1,839,328 CAD | Total Assessment | $6,131,090 CAD |
PROPERTY TAXES
Parcel Number
0154-242-49
Land Assessment
$1,839,328 CAD
Improvements Assessment
$4,291,763 CAD
Total Assessment
$6,131,090 CAD
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Walgreens | 4041 N Sierra Way
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